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Differences between Litecoin and Ethereum

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#1
* Litecoin is mainly seen as a mode of payment or currency as it serves as an alternative to Bitcoin. Expressly, it is Bitcoin’s fork. Conversely, Ethereum is primarily viewed as a smart contract platform needed in developing decentralized applications (DApps).
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    * Litecoin’s transaction fee is $0.04, whereas that of Ethereum is $0.85 per transaction.
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    * For every block mined in Litecoin, 25LTCs are awarded. On the part of Ethereum, 5 units of ether are awarded.
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    * The block time for Ethereum is 15 seconds, whereas that of Litecoin is 2.5 minutes.
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    * Ethereum is regarded for its long-term applications compared to Litecoin’s short-term. This is founded on its capability to transfer value, store data, and develop many features.
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    * Litecoin was launched in 2011, whereas Ethereum in 2015.
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    * Ethereum has the capability of crowdsourcing funds for new projects, but this is not possible with Litecoin.
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    * Litecoin has a cap on the number of coins released because once it is reached, no new coin flow into the system. Ethereum has a different model as the same number of coins are released into the system every year.
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