#SOLETFsOnTheHorizon
Purpose: A peer-to-peer cryptocurrency designed to be a "lighter" version of Bitcoin.
Key Features:
Faster block generation time than Bitcoin (2.5 minutes vs. 10 minutes).
Uses the Scrypt algorithm, making it more resistant to certain types of mining hardware.
Use Cases: Digital payments and a store of value.
Competitors: Bitcoin, Bitcoin Cash, and Dogecoin.
Technology: Solana is more advanced, supporting smart contracts and decentralized apps, while Litecoin focuses on being a fast and secure payment method.
Transaction Speed: Solana is significantly faster.
Adoption: Litecoin has been around longer (launched in 2011) and is more widely accepted for payments, but Solana is gaining popularity in the NFT and DeFi space.
