Review on Litecoin by Diego Blanco
Review on Litecoin
Litecoin is a cryptocurrency created in 2011, anonymous, based on a P2P network in order to be a means of commerce, complement to bitcoin, where the same users manage their accounts anonymously, which can reach millions of people quickly and manageably, that is, very easy to use, it allows quick payment access to other users, since they manage their finances themselves, at a cost of commission. As for the cap, it is established at 84 million people already which is focused on the realization of small transactions, exceeding four times the top of the 21 million units of bitcoin
Despite its easy access, there are many users unaware of its existence, which is why extensive financial support is required for its worldwide commercial expansion, so that it can create trust and credibility when making any transaction from buying clothes up to a plane ticket, in short, this network is very easy to use and very easy to handle since it has quick access, and when it comes to making any transactions, in a matter of 2 minutes it is done.
Pros
- The same users manage their file
- It is easily accessible and manageable
- This litecoin network is very fast when it comes to making your transactions
Cons
- For being anonymous, when losing your file or account, which stores your currency
