BTC Lite is a decentralized cryptocurrency that promises to make Bitcoin lighter, faster and cheaper. It provides faster transactions speeds than both Bitcoin and Bitcoin Cash.
BTC Lite is much lighter than 9-year old Bitcoin. It runs on Ethereum blockchain and inherits all advantages that come with this modern platform. There is no need to download blockchain to access or spend your coins.
BTC Lite transactions are confirmed within 1-3 minutes. This makes it much, much faster than Bitcoin that can sometimes days to arrive. Average blocktime of BTC Lite is 15s while Bitcoin has average block time of 10 minutes.
Original Bitcoin has become more of a store of wealth. BTC Lite is meant to be used as currency. Bitcoin’s average transaction fee is between $5-$8 and sometimes more than that. Transaction fee of BTC Lite is $0.002-$0.15.