Review on Litecoin by zhon samar
litecoin blockchain
litecoin is an open source payment network based on the Chinese blockchain. In this protocol, digital assets called litecoin, or LTC for short, can be transferred centrally and completely decentralized around the world without any intermediaries. While the identity of Satoshi Nakamoto, the creator of Bitcoin, is still unknown after about 10 years The creator of litecoin is a young Chinese man named Charlie Lee. Just like bitcoin, miners secure their computers by doing computer calculations for the network, by performing mathematical calculations. In fact, by doing so, the extractors are reviewing and approving transactions that maintain the network. Like Bitcoin, litecoin started at about 1 cent. This currency had a very good price growth until 2014, but then it experienced a significant decrease in price, and for about three years it went up and down in the price range of 1 to 4 dollars.
๏ปฟ
Pros
- open source
Cons
- nothing
