Comparison of tow two cryptocurrencies: Bitcoin and Litecoin

Abstract

Abstract The increasing daily use of virtual currency (cryptocurrency) is being adopted worldwide for many legal and illegal transactions. Cryptocurrency technology operates on a network that allows people to make payments around the world without any middleman. Since the technology was first developed, it became popular, and the price of cryptocurrencies started to rise and became unstable. In terms of the returns gained from investing in cryptocurrencies, they have been huge in recent times, but there has always been a question about their existence and reliability. A cryptocurrency is a digital process that relies on the use of an encryption system for security primarily. Despite the challenges and problems facing cryptocurrencies, the success of Bitcoin has led several companies to search for alternative digital currencies. This paper tries to compare two cryptocurrencies - Bitcoin (BTC) and Litecoin (LTC) with respect to their stability and understanding its trends in the recent period.