differences between various cryptocurrencies

differences between various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin

Purpose: Bitcoin is primarily used as a digital currency and a store of value, while Ethereum is used to build decentralized applications and smart contracts, and Litecoin aims to provide faster and cheaper transactions.

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Mining Algorithm: Bitcoin uses SHA-256, Ethereum uses Ethash, and Litecoin uses Scrypt as their respective mining algorithms.

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Transaction Fees: Bitcoin has higher transaction fees due to its larger block size and limited network capacity, while Ethereum and Litecoin have lower fees due to their faster block times and smaller block sizes.

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