Review on Litecoin by gemma soubi
litecoin crypto
The word litecoin means a completely digital and exclusive cryptocurrency that allows payments to be made through a fully decentralized network based on it. It also works in exactly the same way that Bitcoin works, with a unique feature that allows you to send and receive digital money much faster than Bitcoin.
In some ways, litecoin is very similar to how Bitcoin works, and like many other digital currencies, it is not managed by any central authority and basically operates with a completely open, transparent mechanism.
The internal technical features of litecoin, however, make it possible to attract many investors thanks to the approval of a separate SegWit witness. Due to this technology, which was originally developed for bitcoin, thanks to the very low amount of data required for each transaction, much less processing time is obtained for the block.
Litecoin currently has 8 times more transactions than Bitcoin. It's also important to note that litecoin is currently one of the best-developed digital currencies ever developed.
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Pros
- It has lower fees than most popular crypto-currencies
Cons
- Over the years, the blockchain has become much larger than Bitcoin.
