Name: Litecoin
Rating: 4 (1 reviews)

Litecoin

BlackHat coin

Bitcoin

With Bitcoin being so expensive, Litecoin, the silver standard is no doubt the best alternative.

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Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It differs from its parent ![Bitcoin](https://d4.alternativeto.net/w21T7c1s86-9BR8OcebJUAejClqrDeE5BCGoBTRTkY8/rs:fill:40:40:0/g:ce:0:0/YWJzOi8vZGlzdC9pY29ucy9iaXRjb2luXzExODgyNS5wbmc.png) [Bitcoin](/software/bitcoin/) in that can be efficiently mined with consumer-grade hardware. Litecoin provides faster confirmations (targeted at every 2.5 minutes on average) and uses memory-hard, scrypt-based mining to target the CPUs and GPUs most people already have. The Litecoin network is scheduled to produce four times as many currency units as Bitcoin.

One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisify these goals. It is unlikely for FPGA or ASIC mining to take over Litecoin until the currency is widely used.

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# THIS IS A WORK IN PROGRESS GUIDE ! AND THIS IS NOT FINANCIAL ADVICE !


### THIS IS NOT A DeFi or Web3 ORIENTED GUIDE ! There is no &quot;right way&quot; to use cryptocurrencies. This is just my advice to use them as currencies, buying no-KYC, storing securely in hardware wallet, using mobile wallet for spending, etc...
I HATE cryptocurrency current state ! From useless tokens to scams, the market is overpolluted and the media doesn&#39;t help giving crypto a bad image of the space.
But crypto aren&#39;t all scams and this was not meant to be easy investment to become multi-millionaire. https://alternativeto.net/software/bitcoin/ is known to be the first cryptocurrency but that is not entierly true. Many attempt over the pasts decade lead to https://alternativeto.net/software/bitcoin/ &#39;s creation. It was just the first one that was working. That you like it or not https://alternativeto.net/software/bitcoin/ is here to stay and nobody would be able to shut it down. It allow people to store and spend money without any shape of authority to restrict them.

After the FTX implosion many people are starting to be aware of the current cryptocurrency problem. We evade the banking system to reproduce it with digital assets instead of fiat...
In this list you will discover, wallets, tools and services to store and use cryptocurrencies correctly. **THIS IS NOT FINANCIAL ADVICE, ONLY INVEST WHAT YOU CAN AFFORD TO LOOSE !**

You will also learn to buy crypto while avoiding KYC (Know You Customer) policies so your transactions aren&#39;t tied to your identity !

## IT&#39;S IMPORTANT TO DO YOUR OWN RESEARCH BEFORE INVESTING IN ANY PROJECT ! I DO NOT KNOW EVERYTHING AND THIS GUIDE COULD HAVE ERRORS !

Doing crypto the right way ! [2023 GUIDE]

Bitcoin has recently become a viral topic in the media and can often be seen as a trending topic of discussion on social networks. But in case you haven't stumbled across Bitcoin, I'll briefly explain what Bitcoin is and why its importance and influence is on the rise. Then we can look at some alternatives to Bitcoin, and how they are different.

Bitcoin is a cryptocurrency, a digital asset and represent value in a digital form — an attempt to be an alternative to traditional fiat currencies. One of the defining characteristics of Bitcoin, and most cryptocurrencies, is that they are _decentralized_. What does this mean? Well, for a cryptocurrency, being decentralized means that there is no single governing body that oversees or controls the asset. This means that anyone can use it, it is open to everyone and is global (unless, of course, your local laws impose restrictions on Bitcoin, but _Bitcoin itself_ does not impose restrictions). 

The technical details of Bitcoin and other cryptocurrencies work can be rather dense. It would take more than this short post to explain, in detail, how it all works and what it all means. Because of that, and to avoid confusion, I have decided not to discuss the technical details in this short post. But I do encourage you, if you're curious or interested, to check out the links I've included at the bottom of this post.

Bitcoin has dramatically increased in popularity and usage since it was first released in 2009. Since then, with Bitcoin's rise in usage, other cryptocurrencies have been created (many other ones, approximately 1,600). Some of them have been based off of Bitcoin directly and are derivatives of Bitcoin, others are only similar in that they are themselves digital currencies or cryptocurrencies, some using a different encryption algorithm or intended to serve a different purpose and use-case.

In any case, there is no doubt that there is a lot of attention being devoted to cryptocurrencies and decentralized currencies. Now that Bitcoin has recently risen to over $15,000 per Bitcoin, more people are curious and eager to see if there are other alternatives that may see a similar increase in value and popularity. 

With so many cryptocurrencies that exist, I found that it may be helpful to condense the information into a list. This list contains some of the alternatives to Bitcoin that are currently on the rise in popularity and use. _Please note, the value per coin of the cryptocurrencies below varies significantly. Their value (and potential value) is dictated by more than just popularity._

Wikipedia Articles:
* [Cryptocurrency](https://en.wikipedia.org/wiki/Cryptocurrency)
* [Blockchain](https://en.wikipedia.org/wiki/Blockchain)
* [Proof-of-Work based systems](https://en.wikipedia.org/wiki/Proof-of-work_system)

[Bitcoin Wiki](https://en.bitcoin.it/wiki/Main_Page)
[Official Bitcoin Website - How Bitcoin Works](https://bitcoin.org/en/how-it-works)


Bitcoin has risen to $15,000+: Here are some other cryptocurrencies on the rise.

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Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It differs from its parent http://alternativeto.net/software/bitcoin/ in that can be efficiently mined with consumer-grade hardware.

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