A bit lite

What distinguishes Litecoin from Bitcoin?

The maximum supply cap of each currency represents the initial distinction between Litecoin and Bitcoin. While Litecoin's supply is limited to 84 million, Bitcoin has a supply limit of 21 million.

The protocols used to produce coins are another difference between Litecoin and Bitcoin. As was previously established, Litecoin relies on a modified form of Scrypt, whereas Bitcoin employs SHA-256. The different protocols have an impact on how quickly both coins can process transactions. Transaction processing and confirmation times for Litecoin are four times faster than those for Bitcoin.

Because fewer rounds of transaction verification are required, executing transactions quickly may come at the sacrifice of security. Small businesses which do not want or want their transactions to be extremely secure will find Litecoin's confirmation time of 2.5 minutes (as opposed to Bitcoin's around 10 minutes) to be convenient.

A lot of investors are holding Litecoin on a long-term investment plan because from it's tokenomics, it'll make them millionaires.