A study by Digiconomist estimates that every transaction on the Bitcoin blockchain uses 236 KWh of electricity. This is a day’s worth of power for 8 US households. And there are about 300,000 of such transactions daily. At this rate, global Bitcoin generation uses more electricity per year than whole countries. Evidence of work is not at all economic and is damaging to the environment. This is done by Litecoin using Scrypt, which favors large amounts of high-speed RAM, rather than the raw processing power. While Bitcoin’s mining requirements have a severe impact on energy resources. Litecoin purports to be able to mine on more conventional hardware. So it’s not as expensive on transaction confirmation in terms of hashrate and electricity consumption as Bitcoin. In other words, very low transaction fees.
Litecoin settles huge problems. Such as how long the transfer of crypto-wealth from one exchange to the next takes. It has great liquidity and function because it is accepted in several exchanges. With the value that is still in demand, you should be able to trade it for Bitcoin until it lands in the next exchange. This is not to say Bitcoin isn’t liquid, only that Litecoin is as liquid and sends payments for little or no transaction costs, plus it’s much faster.
LTC has introduced a lightning network that improves transaction efficiency. It promotes scalability, but, on the whole, in terms of features, it is not much different.
Litechain purports to have blockchain growth without forking. Like what happened with Bitcoin and so does not pose that risk.