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Litecoin is a cryptocurrency designed to be used as a payment method with fast transaction times and low fees. Is Litecoin better than Bitcoin? Litecoin and Bitcoin have different use cases. Bitcoin might be better for a long-term store of value, whereas Litecoin is favorable for fast, low-cost transactions. Litecoin is a cryptocurrency that enables instant payments to anyone in the world and that can be efficiently mined with consumer-grade hardware.
Building LITECOIN
Network transaction fees can also vary depending on the network overload. Ethereum charges a gas fee, with an average of 2 gwei, or 0.17 USD. Speaking about Litecoin, it is more favorable than Ethereum, as the fees for transactions here vary only from 0.01 to 0.1 USD.
Litecoin is generally considered more suitable for long-term investment due to its technological stability and market presence, while Dogecoin may offer higher speculative returns but with greater volatility.