Review on Litecoin by Emem Eseme

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Litecoin is an open source digital currency that offers global payment without the use of a centralized authority. This project began in 2011, launched by former Google employee Charlie Lee. The project is a fork of Bitcoin core client with a few slightly altered attribute.

Litecoin is a proof of litecoin. However litecoin differs from bitcoin accestor in a few way. Litecoin offer faster result with short block time which take roughly 2.5 half minutes compare to Bitcoin. As a result, litecoin provides lower transaction fee and faster-transaction validation than you will get on bitcoin. The project does it through it mining algorithm refers to a script when litecoin mining started, the intention was to allow those who did not have access to powerful asset machine, a way to mine using a home computer and graphic scort.





Litecoin offers an automatic cross allowing users to exchange coin between blockchain quickly without trust.



Litecoin is practically strong adopred of atomic swaps, with atomic swap, users can instantly perform cross-chain transaction.



A little over two years ago, decred and litecoin were the two project that completed rhe first ever cross-chain atomic swap.



Litecoin is also a really strong adopted of segwit, segwit usage on litecoin's currently at 75% and has increased since the last year.



The litecoin foundation us a non-profit registered in Singapore that has a number of aims. Prime among these to drive the adoption of litecoin across the world.



Litecoin is in a fortunate position when it comes to market liquidity and exchange support. Given it was one of the first few altcoins on the market. It has constantly been a stable crypto currency on exchange order book. As a result litecoin dose over $2 billion dollars a day in trading volume. If we were to compare this to other crypto currencies, it is the 4th most traded crypto on the market.