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Review on Litecoin by Lanre Mathew
Litecoin which was created in 2013 as the first fork of bitcoin by charlie Lee…
Litecoin which was created in 2013 as the first fork of bitcoin by charlie Lee with Its main goal as to become a global payment system due to problems encountered on bitcoin such as Bitcoin’s failure to speed up transactions,The way it was mined and it's ability to perform more transactions per second
This means with litecoin, people can send and receive funds instantaneusly either locally or internationally without having to use a third party
Pros
- Transaction fee of Litecoin is very cheap. In fact, it only costs a few cents to send money! Litecoin's transactions last only 2.5 minutes, which is much faster than a bank transfer and four times faster than bitcoin. No matter whether you want to send coins to one of your travels or to any other part of the world - it literally takes minutes to get money
Cons
- The founder ,charlie Lee has no litecoin as he sold for profit..That show's lack of trust in the project even by the founder.
