Difference Between Monero And Litecoin
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Difference Between Monero And Litecoin
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The emergence of Bitcoin 2
and blockchain technology 
has caused a major change 
in the market of 
cryptocurrency. Bitcoin who 
has been people’s favourite 
cryptocurrency now has a 
face-off with alternate 
crypto coins. The buzz of 
Bitcoin prompted people 
across the world to 
buy cryptocurrency in India. 
These altcoins came into 
being after the success of 
the latter coin. 
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● Today, there are many altcoins in the market. Some of these coins are 
known to have been adapted from the structure of Bitcoin. But today, we 
won’t be discussing any competition between the Bitcoin with altcoins.
●  Today we are going to discuss the difference between Monero and 
Litecoin, two most promising altcoins after Ethereum.
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Difference Between Monero And Litecoin
● The first difference between the Monero and Litecoin is that Monero 
coin is based on the Cryptonote, which is a special algorithm made for 
transactions which are done privately.
● A user can expect complete privacy with its two different features. One is 
Ring Confidential Transaction and another one is Ring Signature. The 
level of privacy in Ring Confidential Transaction gets increased through 
transacting amounts via screening. 
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● People are much familiar with Bitcoin and are inquisitive to find the 
easiest way to buy cryptocurrency. Even though Bitcoin has been a popular 
digital currency for trading, still, it faced technical errors regarding snail-like 
transaction activity and problems in storage. 
● Litecoin, being a public coin made an entry as a promising substitute to 
Bitcoin. When being compared to the latter cryptocurrency, it showed 
remarkable results in comparison to speed which was slow in Bitcoin but was 
speedier in Litecoin. 
● It performed better even in storage. Litecoin consists of a scrypt algorithm 
that makes this coin performing speedy transactions and generating multiple 
coins. So this displays the difference between Monero and Litecoin.
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● Other noting differences between Monero and Litecoin is the power. Where 
the power of Litecoin is approximately 400W, Monero supersedes it by 
having more power which is around 1000W. 
● Not even in power, Monero excels in its mining price which is 2200 US 
Dollars, whereas, Litecoin has 1900 US Dollars. 
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Conclusion
It is not possible to escape competition be it any field. Comparisons will 
always be done between two worthy technologies. You can expect this 
in the crypto world too. Bitcoin who paved the way for altcoins after it 
reached worldwide success has ongoing competition with alternate 
coins. But it is not always centralized between these coins. Competition 
can also brew among the altcoins.
Sources
https://www.cryptoknowmics.com/news/easiest-way-to-buy-
cryptocurrency
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