1 Level
11 Review
7 Karma
Review on Litecoin by Akamar Hunter
Litecoin is P2P decentralized digital cryptocurrency. In layman's term, it can…
Litecoin is P2P decentralized digital cryptocurrency. In layman's term, it can be used for anything from buying your cup of coffee to online purchasing to paying the bill.Transaction fees of Litecoins are in cents compared to other payment media like credit card companies, bank transactions etc. All transactions have been recorded on a distributed public ledger called blockchain.
Pros
- LTC has been running for years without downtime. Saying it hasn't been tested is obviously not true. I have transacted numerous times on LTC network. Never ever has it failed me.
Cons
- Issues with Scalability and beginner knowledge is a major concern to Litecoin project.
