In the aspect of infrastructure development, the question: who has succeeded more – Ethereum or Litecoin, should be considered resolved. Despite its younger age, Ethereum is better known than its rival for its wide variety of cryptocurrency wallets and services that offer alternative options for storing and operating crypto-assets.
The volume of trading manipulations carried out using Ether is also much higher, and in most cases, this is due to the growing popularity of ICO campaigns, which became a real investment trend in 2017. Purchase Ethereum UK at Swyftx, check them online.
The origin story of Litecoin and Ethereum?
Main Litecoin facts:
- Litecoin is older than Ethereum.
- This cryptocurrency is the second-order fork of Bitcoin, which appeared after the altcoin Namecoin in 2011.
- The developer Charles Lee took the open-source code of Bitcoin as a basis and created a currency that is devoid of some of the shortcomings present in the Satoshi Nakamoto system.
Considering the factor of some similarity with Bitcoin and less recognizability, Litecoin is deservedly called virtual silver. And you can easily find eth to ltc converter online.
Main Ethereum facts:
- The project was presented back in 2013, but the launch took place on July 30, 2015.
- The developer is Vitalik Buterin, a Russian-speaking loyal subject of Canada.
Mr. Buterin is much younger than Charles Lee, which did not prevent him from setting a new precedent in the areas of alternative finance and decentralized settlements.
Differences in the marketing policy of Litecoin and Ethereum
Ethereum, one might say, “rose” on the scandals. The reason for this should be the young age of developers striving to quickly annex the altcoin ecosystem. This path was not without complications. Ether is a system and cryptocurrency made popular in part by the phenomenon of The Dao’s decentralized autonomous organizations.
Decentralized collective financing of intra-system development using smart contracts is undoubtedly a progressive institution and, most likely, it will find widespread use in the near future. But it all started with a scandal on June 17, 2016, when, thanks to an error in the system code, a hacker stole more than 3.6 million Ether coins. The leakage of funds was stopped by changing the program code, which led to the emergence of the Ethereum Classic hard fork and the bifurcation of the blockchain.
Since then, changes in software algorithms have become a common standard for the development team, but so far they have not provoked the emergence of new altcoins. Although the events described above did not negatively affect the image of Ethereum and, coupled with an increase in capital investments in numerous ICO campaigns, provided an impressive growth in quotes in the outgoing year.
Litecoin’s development strategy partly answers the question: which is better – Ether or Litecoin? The marketing policy followed by the developers is aimed at developing a narrow segment. They made microtransactions a priority from the very beginning. Charles Lee’s team is open to innovation but adheres to the utmost conservatism when integrating innovations. Thanks to the implementation of the SegWit algorithm, they prepared a springboard for the rapid advancement of the institution of atomic swaps, which will allow trading various assets without intermediaries on decentralized exchanges, making altcoins fungible.
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