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Review on Litecoin by ahmed reda
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero…
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency
Pros
- Litecoin aims to improve Bitcoin. Compared to it, Litecoin has three advantages: 1. Litecoin network can process a block every 2.5 minutes (instead of 10 minutes) so it can provide faster transaction confirmation; 2. The Litecoin network is expected to produce 84 million Litecoins, which is approximately four times the circulation of the Bitcoin network; 3.
Cons
- The community is not as supportive to newcomers as lets say
