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Ethereum or Litecoin? 5 Facts To Make Informed Decisions

Making an investment requires knowledge and fact-checking. In order to invest in crypto, one must understand its technology and what it offers. Let’s have a look at Ethereum and Litecoin’s features.

At this point in time, I think we all know that cryptocurrency is an electronic or online currency that uses cryptography to ensure its security. This makes it nearly impossible to counterfeit or double-spend.

What Is Cryptography?

Well, cryptography is a safe process that allows only the sender and the person receiving a message to open it.

Basically, data or a message is encrypted with a secret key, and then both the encoded message and the secret key are delivered to the recipient for decryption, which is how the receiver sees the message or data.

In this post, we will dive into the comparison between Ethereum and Litecoin and will give a clear idea of which one is a better choice.

To start, both Ethereum and Litecoin work very differently from each other. Yet, they are great cryptocurrencies to be bought and kept as future investments. In terms of investments, cryptos are a very good option. We get to know about the demand of our bought or desired currency every now and then.

What Is Ethereum?

Firstly, to give a short introduction to what Ethereum exactly is, it would be safe to say that Ethereum is a type of technology that is home to computerized cash, worldwide installments, and applications. The community has built a very strong digital economy, very new ways for creators to earn easily from sitting in front of their desktops, and so much more.

It’s open to everyone, wherever you are in the world — the internet is the only thing that you will need. The price of Ethereum varies depending on market status just like other cryptos but apparently, the future of ETH seems very promising as well. To highlight, they cost their transactions in different ways. Ethereum’s transaction cost is referred to as ‘gas’.

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