Bitcoin Alternatives: 11 Cryptocurrencies You Should Know

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2. Litecoin

Litecoin was released in 2011 by Charlie Lee, a former Google employee. It represents a form of the Bitcoin Core client, so its very similar to Bitcoin, but it has a much shorter block generation time of 2.5 minutes and provides a larger number of coins (84 million). It also uses scrypt as hashing algorithm instead of SHA-256 used by Bitcoin. Litecoin’s total capitalization currently amounts to $4.84 billion and there are 54.02 million coins in circulation.

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