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Review on Litecoin by Abdulquadri Balogun
The technology behind it has gone obsolete and GPU mining which it uses is no…
The technology behind it has gone obsolete and GPU mining which it uses is no longer in vogue . there are many cryptocurrencies performing same functions in a more faster way.
Summary...
Former googler Charlie Lee founded the LTC in 2014 and is by far one of the most undervalued currencies currently though not ambitious enough as most cryptocurrencies
Litecoin is trying to solve its scalability issue as one of the first btc outlets, not in the technical arena.
There are many tokens / coins that Bitcoin and Litecoin appreciate instantly, but up to four times faster.
Pros
- One of the most important pros in litecoin is the ability to add transaction fees to the block header. This should prevent miners from raising the purchase price and lowering prices for all users. Litecoin will grow into Bitcoin in the future. By Implementing segregated Witnesses (SegWit) and Lightning Network, Bitcoin and Liteco can exchange atoms between them. This should regulate the extension of both networks
Cons
- The technology behind it has gone obsolete and GPU mining which it uses is no longer in vogue . there are many cryptocurrencies performing same functions in a more faster way
