Review on Litecoin by julia sarin
litecoin currency
Litecoin is one of the most popular choices for people to invest. Litecoin is used for exchanges between individuals or companies by eliminating intermediaries such as banks or government agencies. In fact, the litecoin is backed by the people, not the banks and government agencies. This digital currency runs on a decentralized, peer-to-peer network.
Transactions on this network are not limited to a single centralized server, but are accessible to all network members. All transaction information is stored in the distributed general ledger so that it cannot be changed or deleted.
At present, litecoin is known as one of the most popular altcoins and supplements for bitcoin, which has been very successful in this industry so far.
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Pros
- It has a lot of trading volume.
- As a user, you have to pay very little for transactions.
Cons
- Some users do not trust litecoin and do not see a good future for this encrypted currency.
