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Similarities between Litecoin and Ethereum

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#1
    • Both have a faster transaction time than Bitcoin. 
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    • Both use the proof-of-work (POW) consensus mechanism. Ethereum uses Ethash, whereas Litecoin Scrypt. The idea behind POW is for miners to utilize their computational power to tackle cryptographically difficult puzzles. As a result, the miner who solves the problem by adding a new block to the blockchain is rewarded for the same. 
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    • Both can be traded on many crypto exchanges. 
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    • Both support smart contracts.
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