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PoW is a system in which miners should solve challenging mathematical issues to generate new blocks of transactions and earn rewards. Litecoin additionally offers privacy options with its MWEB update, which allows customers to opt-in for confidential transactions that conceal the sender and receiver’s identities and the amount transacted. The coin’s builders additionally meant it to be used in on a regular basis transactions, whereas bitcoin is thought to be a digital store of value.
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