Review on Litecoin by Andreina valenzuela
Litecoin is a great cryptocurrency which is very fast and secure.
Litecoin is a decentralized and open source network that has Blockchain technology. It is supported by service companies and industries, facilitating the commercialization of goods and services. It is a currency that you can have by two means, either by mining or by purchasing in a wallet. Protects anonymity. The speed of operation is very fast and safe since it has notification directly to the mail that is established in the wallet.
Pros
- This can be used by any user. When a payment or transaction is made, it is done in seconds and sends a verification email. This type of currency is used to protect the capital from any devaluation that occurs in any fiat currency. The speed of the operation is very fast, it does not exceed 2.5 minutes and it has more storage capacity. The Litecoins can be obtained by purchase or mining, for the latter a graphic card is needed to quickly discover the algorithms. Algorithms with scryp makes it faster Protects anonymity and privacy.
Cons
- The same process of being decentralized does not give guarantees against any theft or loss. The maximum to be created is 84 million Litecoin coins
