There are so many cryptocurrencies now it’s hard to keep them straight. Bitcoin was the first cryptocurrency, which went live around 2009. It is possible to argue litecoin and monero are the two altcoins, aka alternative coins, that equal ripple most similar to bitcoin.
They have grassroots contributors that cooperate with nonprofit foundations without taking direction from them. Litecoin and bitcoin have a symbiotic relationship. Some tokens serve very different functions altogether. There is no beef between monero and bitcoin, only between a few individual fans who may get in fights on social media.
To the contrary, cryptocurrency communities often overlap and learn from each other. Aside from bitcoin and its younger cousin litecoin, there are many other blockchain-based tokens with even more technical variations. Ethereum appears to be the second-most diverse cryptocurrency network in the world. There are many cryptocurrencies that use the Ethereum network. Unlike bitcoin, which was founded anonymously, the creators of both litecoin and Ethereum are publically involved with their respective projects. They have even become tech celebrities in their own right. Ethereum’s biggest competition, although it is also a comrade in this game of tokens, may be the Chinese business-oriented cryptocurrency NEO.
If bitcoin is the gold standard of cryptocurrency, litecoin is the silver counterpart. If bitcoin is a hundred dollar bill, best suited for big purchases, litecoin makes up the coins and smaller bills. 100 even if the clerk probably won’t enjoy handing out that much change. You can buy a small fraction of a bitcoin! Technically, litecoin and bitcoin are extremely similar.