dozens of other so-called alt-currencies out there that work in a very similar way and that, like bitcoin, their value has been soaring in the last year.
While bitcoin is far and away the biggest—its market cap is more than twice all the other alt-currencies combined—some of its rivals are gaining traction. These include Litecoin, a currency introduced in 2013 by former Google employee Charlie Lee, and that is currently the fourth most valuable alt-currency.
Litecoin, as its name suggests, is a “lighter” version than bitcoin. It can process transactions four times faster and has not run into the sort of controversies related to scaling for growth that are currently consuming the bitcoin community.
Read more ... source: TheBitcoinNews
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