Ethereum vs Litecoin : Which is Better?
Ethereum
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. Developed by Vitalik Buterin
License: Free
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Ethereum VS Litecoin
Ethereum and Litecoin serve different purposes in the cryptocurrency ecosystem. Ethereum is primarily focused on decentralized applications and smart contracts, while Litecoin is more geared towards peer-to-peer transactions with faster confirmation times.
Ethereum
Pros:
- Strong developer community
- Widespread adoption for dApps
- Supports DeFi projects
- Transitioning to more eco-friendly PoS
- High security through decentralization
Cons:
- High gas fees during network congestion
- Complex for newcomers
- Scalability issues
- Slower transactions compared to some competitors
- Vulnerability to smart contract bugs
Litecoin
Pros:
- Faster transactions than Bitcoin
- Lower fees compared to Bitcoin
- Established since 2011 with a stable network
- Less energy-intensive than Bitcoin mining
- Strong focus on payments
Cons:
- Limited use case compared to Ethereum
- Less developer support
- Not as widely adopted for dApps
- More centralized mining power than Ethereum
- Less innovative features compared to newer coins
Compare Ethereum
