Review on Litecoin by khasanov khasan
LTC reviews
Over time, Litecoin has managed to become one of the top 5 leading cryptocurrencies. It is often referred to as an excellent example of the potential in the cryptocurrency niche due to its unprecedented bullish trend in the period of December 2016 – December 2017. For just a year, the price of the coin jumped with more than 8200% reaching its all-time high of $360.93.
Litecoin is also considered a pioneer in the industry as it was the first one among the top 5 cryptocurrencies to adopt SegWit (Segregated Witness). It was also the first to execute а Lightning Network transaction (under 1 second). The Litecoin infrastructure also set the foundation for Atomic Swaps and other scaling features way before the other on the market.
Litecoin was created in October 2011 by Charlie Lee, a former Google employee and Engineering Director at Coinbase, who wanted to build a digital currency that improves the Bitcoin protocol and provides a better alternative for everyday usage. The Litecoin project was released under the MIT/X11 open-source license that allows the community to copy, modify, run, and distribute the software. The Litecoin network officially went live on October 13, 2011, as a fork of the Bitcoin Core client.
To get a clearer understanding, we can say that Litecoin is best described as a lighter version of Bitcoin (which is where its name comes from as well). It is often referred to as “silver to Bitcoin’s gold”. If we assume that Bitcoin shares some of the characteristics of gold (high value, hard to produce and transact, a good long-term investment opportunity), then, following this line of thought, it is safe to say that Litecoin resembles silver (a cheaper asset, suitable for on-the-go transactions, and daily use, etc.).
Pros
- A very good LTC project where the price of this coin is stable and has been bought and sold in the market
Cons
- there is almost no shortage of LTC coins, it's all good, but I don't know why people rarely trade with this pair
