Review on Litecoin by phuong cong
Litecoin - a competitor to Bitcoin?
Litecoin is a coin based on peer-to-peer mechanisms,
P2P currency on the Internet with instant solvency and almost zero transaction fee, completely decentralized. Litecoin's algorithm empowers individuals to control their own finances and ensure network security.
It was founded
by Charlie Lee - a former Google employee, with faster transaction confirmation times and higher performance than Bitcoin.
It is also one of the first coins to launch on the cryptocurrency space that exists today
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Pros
- Integrating new technologies into the network for better speed and transaction fees than Btc
- Litecoin is traded almost on cryptocurrency exchanges
Cons
- Compete with many new projects on the market
