Litecoin is the second most valued digital currency on the market, only being bested by bitcoin. However, litecoin is not just a knock-off to the world’s first digital coin. It was intended by its developers to improve on the structure set forth by bitcoin.
The main two differences that separates litecoin from bitcoin:
1) Litecoin processes a block every two and a half minutes, while bitcoin processes a block every 10 minutes.
2) Litecoin will total 84 million coins, unlike bitcoin’s cap of 21 million.
The digital currency continues to catch individuals and business owners by storm, as more businesses are accepting it as a form of payment.
CoinReport has compiled a list of the Top 5 businesses that have begun implementing Litecoin into their finances.
Top 5 Businesses that Welcome Litecoin Payments
IT solutions provider, Ellenet, is the first Australian firm to accept both bitcoin and litecoin. The service specializes in film and multimedia production. The decision to welcome litecoin payments was made by the Australian company’s director, Estelle Asmodelle.
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