Key characteristics of Litecoin:
* Faster transaction confirmations: Litecoin has shorter block generation times compared to Bitcoin, leading to faster transaction confirmations.
* Different mining algorithm: Litecoin uses the Scrypt mining algorithm, which is more energy-efficient and allows for more decentralized mining.
* Increased maximum supply: Litecoin has a larger maximum supply of coins compared to Bitcoin.
Litecoin is often referred to as "silver to Bitcoin's gold" due to its similar technology and complementary role in the cryptocurrency ecosystem.
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