Quick and Easy LTC to ETH Exchange Guide on MarketExchangeWhen you?re looking to exchange LTC to ETH, it?s essential to understand these two distinct cryptocurrencies. Initially created in 2011, Litecoin (LTC) functions as a peer-to-peer payment system, designed for fast, low-cost transactions. Specifically, LTC processes blocks every 2.5 minutes, making it four times faster than Bitcoin.
Furthermore, Litecoin has some unique characteristics that set it apart:
-Uses Scrypt hashing algorithm for mining
-Has a maximum supply cap of 84 million coins
-Enables near-zero cost transactions
-Provides faster confirmation times
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