Why is Litecoin referred as silver to Bitcoin’s gold?

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Litecoin is said to be silver to Bitcoin’s gold ever since it came into existence. Explain.

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Litecoin is known as the silver to Bitcoin’s gold. Litecoin’s faster block processing time of two and a half minutes was intended as a benefit to merchants who would see their transactions confirmed much more quickly that’s why.

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Litecoin is a usual counterpart to Bitcoin just the way silver is to gold. Litecoin is faster than Bitcoin and it is based on a corporate governance structure that allows Litecoin to try new things and experiment more efficiently. It acts as a minor league farm team for the Bitcoin blockchain where new ideas and tech improvements can be tested before implementing them on the Bitcoins.

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