Review on Litecoin by Nik RA
Litecoin "The first significant altcoin"
Lite earliest forks of Bitcoin. It’s basically a copy of Bitcoin, but way faster. The thing with Litecoin is also that the transaction fees in its blockchain are significantly lower than in Bitcoin blockchain. If Bitcoin is the mother of all cryptocurrencies, Litecoin could be considered to be the first born, it’s the first significant altcoin. Mining a coin is considered by many as best way for people to get coins. In the early days, it was possible to mine Litecoin with a personal computer, but the more people mine it, the more it is difficult and today you need specialized equipment to do it. If you want to mine Litecoin, a specialized tool such as L3 Antminer would be a good option. After choosing the hardware, it’s good to decide whether you want to mine solo or in a pool. Considering the number of miners today, mining in a pool is a rational choice for an individual to confidently get a reward for mining.
Pros
- Increasingly Wide Acceptance as a Payment Method
Cons
- Drawback of Litecoin is its absolute anonymity
