The post ViaBTC｜The Silver to Bitcoin’s Gold: The Evolution of LTC appeared first on Coinpedia Fintech News
Gold has been used as a form of currency since the dawn of civilization. Throughout human history, it has always been recognized as one of the most precious metals. Silver, another precious metal, has played similar roles. Thanks to their scarcity, durability, and ability to hedge against inflation, gold and silver are considered excellent portfolios for hedging and investment. In the emerging field of crypto finance, Bitcoin and Litecoin, two of the oldest cryptos, are considered the digital equivalent of gold and silver by crypto enthusiasts.
Bitcoin is often referred to as digital gold. As the first crypto, BTC provided plenty of inspiration and technical formulas for all latecomers. Yet, as the network is frequently congested, with slow confirmation and expensive fees, some developers attempted to create other cryptos, and Litecoin emerged as the best-known alternative to
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