Review on Litecoin by John Aledare
Litecoin: Preferred by many
I started trading with Litecoin while looking for a cheaper, faster Cryptocurrency than Bitcoin. Litecoin was launched in 2011 alongside Bitcoin. I prefer to call it Bitcoin's twin. Personally, I would recommend Litecoin to New, Modest Traders majorly because of its speed. It has a speed of about 50 transactions per second. It is a mineable cryptocurrency and can be mined on any certified pool. When compared to Bitcoin, it has a low and affordable transaction fee. If you are thinking of security, Litecoin is very secure. It is also very notable that Litecoin can be bought by Fiat deposits and this personally is a relief to me. As at the time I wrote this review, One Litecoin was equivalent to about 171 US Dollars which is quite cheap when compared Bitcoin which sells at about 40,823 US Dollars. Although Litecoin has had a poor start when compared to it's twin(Bitcoin) I still believe that it has a bright future.
Pros
- It has better Scalability than Bitcoin
- It has lower, more affordable fees that Bitcoin
- It has a fast processing speed
Cons
- It is regularly used on the dark web
