The project was created as an upgrade of Bitcoin. There are not many differences, but some of them are very significant. Several technologies have been applied that have eliminated some of the disadvantages of Bitcoin: the "Proof of Work" protocol, which uses the Scrypt hash function, and not SHA-256, like BTC. The average speed of block creation is 2.5 minutes (for comparison, BTC takes four times longer).

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Litecoin

At last, the highly anticipated #MWEB upgrade has officially activated on the Litecoin network! Read more about this historic upgrade: litecoin.net/news/mweb-has-… by @lite_hause

Litecoin Foundation ⚡️

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https://twitter.com/LTCFoundation/status/1527671072216256512

Litecoin telegram news 21 May 2022 11:45

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