Header banner
Revain logoHome Page
Chris McDavid photo
1 Level
7 Review
3 Karma

Review on Litecoin by Chris McDavid

Revainrating 5 out of 5

Litecoin

Litecoin is the first altcoin. It is a Bitcoin fork created in 2011. The coin was supposed to be more accessible for the users than Bitcoin: quicker transactions, easier mining, blocks get found x4 times quicker. Litecoin has a huge presence on the market, the price is highly volatile (e.g. the price reached $92 in April 2019 while it was only around $24 in December 2018).

๏ปฟ

Pros
  • Potentially compatible with the Lightning Network
  • Available on all huge exchanges
  • Compatible with all multicurrency wallets
  • Significant Market Cap
  • Relatively quick transactions
  • Low fees
Cons
  • Charlie Lee (the founder of Litecoin) sold all his litecoins at all time high
  • The lack of innovation

Similar reviews