Bitcoin and Litecoin are two of the most well-known and widely used digital currencies. Bitcoin was first introduced in 2008, and Litecoin was introduced three years later. Litecoin is based on the same source code as Bitcoin, although it has no blockchain history in common. What is Bitcoin? Bitcoin was created in 2009 by an unknown person using the moniker Satoshi Nakamoto as an alternative currency that employed blockchain technology to ostensibly boost the security of financial transactions throughout the network. By allowing Bitcoin miners to mine and add coins to the public blockchain network, Bitcoin effectively invented the cryptocurrency
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