Is Litecoin faster than Bitcoin?
When it comes to transaction speed, Litecoin is generally considered to be faster than Bitcoin due to its shorter block times and higher throughput. The average block time for Litecoin is 2.5 minutes whereas Bitcoin’s block time averages 10 minutes.
Both Bitcoin and Litecoin can be made significantly faster by using the Lightning Network, a second-layer payment protocol. The Lightning Network allows users to send and receive funds instantaneously and with almost no transaction fees. This makes it an ideal solution for making small payments quickly and securely.