Review on Litecoin by Adalson Jnr

Name: Litecoin
Item: Litecoin
Rating: 5

September 13, 2018

Litecoin (LTC) is one of the oldest cryptocurrencies in existence and launched…

Litecoin (LTC) is one of the oldest cryptocurrencies in existence and launched in October 2011 as a fork of Bitcoin. It shares many of the same characteristics as Bitcoin but strives to be lighter and faster and as a result, exhibits shorter block generation times of approximately 2.5 minutes. This allows for both faster transaction clearance and in turn, lower transaction fees than Bitcoin.
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Pros

CharleyLee has done well in finding a suitable upgrade to what Bitcoin has ti offer and its of extreme pleasure I'd say it got general acceptability almost immediately. The fast network of ltc and its cheap fees compared to btc is a joy to payment system and transactional purposes.

Cons

The comparison with Bitcoin most times makes Litecoin look average. People tend to forget that bitcoin will always be more acceptable to Litecoins and this has really made it unpopular to some people