Review on Litecoin by Adedamola Adeniji
Litecoin Beside the Crypto Frontliners and it's Comparative Advantages
over the years people's interest in cryptocurrencies has fluctuated both on the positive and negative sides of the coin. However the current boom in the recent months have attracted investors from all works of life trooping in with strong enthusiasm
The main focus has been first however hundreds of other cryptocurrencies have emerged on the crypto scene. Litecoin (LTC) is one of such cryptocurrency which has managed to stand up to the competition LTC currently ranks 7th largest digital currency in the world by market cap estimation last year.
Litecoin was launched in 2011 by it's founder Charlie lee.
It will equally interest you to know that Litecoin can produce greater number of coin than others with faster speed of transaction a trail will convince you.
If it is a choice of cryptocurrency with high future investment prospects I for one will recommend for you Litecoin
Pros
- LTH makes use of newer version of cryptographic algorithm called scrypt.
- Litecoin can produce greater number of coin than other cryptocurrencies. The BTC network has never gone beyond 21 million coins whereas litecoin can accommodate up to 84 million coins with this it offers tremendous psychological advantage over it's counterparts, in view of its lesser price for a single unit.
Cons
- Time of existence has been only is downside when compared with crypto Frontliners like Bitcoin and ethereum but given enough time LTC has great potential of coming to take it's pride of place among the toppers.
