30 Nov '17, 5pm

#Bitcoin should fear #Litecoin as its biggest competition according to the Motley Fool.

#Bitcoin should fear #Litecoin as its biggest competition according to the Motley Fool.

It appears when perusing CoinMarketCap that the biggest competition for Bitcoin would be number two - Ethereum . However, according to the Motley Fool, the biggest risk for Bitcoin may actually come from somewhat lower - Litecoin . Litecoin was created by Charlie Lee in 2011 and uses similar protocols as Bitcoin. According to the analysis, Bitcoin and Ethereum are really after completely different marketplaces. Bitcoin is really designed as a currency and store of value protocol built on consensus, while Ethereum is more of a functional platform that also provides a cryptocurrency for internal transactions. However, per the analysis, Litecoin is essentially the same as Bitcoin - a currency and a store of value. While Litecoin has already completed the SegWit upgrade, and offers rapid transaction times, like Bitcoin, the platform allows for simpler protocol upgrades. While ...

Full article: https://cointelegraph.com/news/the-motley-fool-bitcoins-b...

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