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Review on Litecoin by Emma Phonespecs
Technically inspired by Bitcoin, the Litecoin is an open source software…
Technically inspired by Bitcoin, the Litecoin is an open source software project which is a peer to peer crypto currency. Since it is an open source project it is not managed by any central authority. As far as the differences are concerned, it differs in three major ways with Bitcoin. The speed and lightening transfer feature is nothing compared to Bitcoin abd the script of proof of work isn't anywhere what Lower version Bitcoin has to offer. Additionally, litecoin produces x4 of the number of tokens btc ever produces
Pros
- Mosy people say the fast transactions is the best feature but I also find the prices for this transactions relatively cheap. it's a deal breaker for me IMHO.
Cons
- Since, litecoins are not managed by any central authority, it sometimes make you feel risky while choosing it. If it happens that your coin is stolen or lost then the money is gone and you can do nothing about it.
