Difference between Bitcoin, Ethereum and Litecoin?

Crypto Currencies are these days are Trending topic and money making tool for all of us .Crypto is Future of Our world we have to soon accept is as we accept Other technology Revolution . These days many Crypto currencies in market like Bitcoin ,Ethereum ,Litcoin ,Zcash and Many more and we are Quiet Confuse why their is lots of Crypto and what was the difference between them .

Difference between Bitcoin, Ethereum and Litecoin

So we decided To give your Mazor Difference between them and help you to understand whole Crypto Technology and their Limits too .So Below is the Table of Mazor difference after that i will explain every thing more in paragraph too.

 Bitcoin LitecoinEthereum
Coin limit21 Million84 MillionNot Applicable
AlgorithmSHA-256ScryptEthash
Mean block time10 minutes2.5 minutes14-15 seconds
Difficulty retarget2016 blocks2016 blocksComing soon
Block reward detailsHalved every 210,000 blocks.Halved every 840,000 blocksComing soon
Initial reward50 LTC50 LTC5 ether*
Current block reward25 BTC50 LTC3 ETH
Block explorerblockchain.infoblock-explorer.com etherscan.io
Created bySatoshi NakamotoCharles LeeVitalik Buterin, Ethereum Foundation
Creation dateJanuary 3rd, 2009October 7th, 2011 30 July 2015
Market cap$10,467,596,650.78$540,274,528.26$ 111,724,294,127
Ticker symbolBTCLTCETH

Bitcoin:

  • Bitcoin is a decentralized cryptocurrency where you can transact on a peer-to-peer network without the need of a middleman. Fundamentally, the core of Bitcoin is a digital file listing transactions between people on the network, which are essentially transfers of property .
  • The main innovation behind Bitcoin relies on the fact that it is a decentralized money system with the Bitcoin being the currency. But Bitcoin is also the software and protocol that allows users to issue digital currency and operate transactions in a secure and anonymous way.

Difference between Bitcoin, Ethereum

Ethereum:

  • As the Ethereum websites describes, “Ethereum is a decentralized platform that runs smart contracts”. It is a public blockchain platform with its own cryptocurrency called, Ether, and featuring smart contract functionality. The Ethereum Virtual Machine allows people to execute peer-to-peer contracts using Ether.
  • Ethereum is like a global and shared computer on which anyone can build de- centralized cryptocurrency like Bitcoin. However, Ethereum is much more than a platform hosting new cryptocurrencies, it is a Turing-complete platform, which sim- ply means that each full node on the network runs a Virtual Machine called the ”Ethereum VM” that enables the nodes to execute programs written in a Turing- complete language

Litecoin:

  • Litecoin was a fork (copy) of bitcoin, but with variation. Its aiming at being a digital currency, used for buying goods
  • It is also a cryptocurrency just like Bitcoin but the protocol is different from Bitcoin’s protocol

So Guys ,Hope I am able to Give your Clear Picture of all these three coins and you able to understand core difference between Bitcoin Litcoin and ether .If You still have Query do ask me Below I will try to solve it.

 

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