Review on BTC Lite by LUIS RIVERO R
Light bitcoin, but only the name.
According to official information, this cryptocurrency (token) proposes to be more efficient in the use of the chain compared to bitcoin, that is, its main purpose is to be a value cryptocurrency.
In general, it plans to solve problems that other cryptocurrencies do well including Etherium, which is the platform on which this token was launched. Its purpose is for payments.
One of the aspects to consider in this project is that an ICO was not carried out, so third party funds were not used for financing.
They need a clearer roadmap in addition to a diversification of the business model, they should be integrated with other decentralized platforms such as BNB, TRX among others and not only focus on Etherium. When reviewing your documentation and proposals I have more doubts than clarifications, I would recommend making firmer proposals in addition to being reliable and with verifiable goals. Apparently not many exchanges have listed this asset.
Pros
- Cheaper transactions.
- Fast transactions compared to BTC
- Compatible with any wallet compatible with ERC-20 tokens
Cons
- It is just an ETH token.
- Recent asset without much use.
- It is only listed in a single exchange.
