20 Apr '15, 8pm

Bitcoin Vs. Litecoin: What's The Difference? - Investopedia

Bitcoin Vs. Litecoin: What's The Difference? - Investopedia

Although technically transactions occur instantaneously on both the Bitcoin and Litecoin networks, time is required in order for those transactions to be confirmed by other network participants. According to data from Blockchain.info , the Bitcoin network’s long-term average transaction confirmation time is just over 9 minutes per transaction. The equivalent figure for Litecoin is roughly 2.5 minutes, according to data from BitInfoCharts.com . In principle, this difference in confirmation time could make Litecoin more attractive for merchants. For example, a merchant selling a product in exchange for Bitcoin would need to wait nearly four times as long to confirm payment as if that same product were sold in exchange for Litecoin. On the other hand, merchants can always opt to accept transactions without waiting for any confirmation at all. The security of such zero-confirm...

Full article: http://www.investopedia.com/articles/investing/042015/bit...

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