1 Level
7 Review
2 Karma
Review on Litecoin by TUAN NGUYEN VAN
A few months ago, this publication covered a story on Litecoin’s founder…
A few months ago, this publication covered a story on Litecoin’s founder, Charlie Lee, who had predicted LTC would become the fourth largest cryptocurrency by total value. His prediction of the Litecoin price was based on his belief that LTC would find greater mainstream usage than other cryptocurrencies.
Pros
- Litecoin is one of those cryptocurrencies that are maintaining their position in the group of top five. It is the only alt-coin that has more than 2000% spike in its value. Litecoin is also a decentralized currency that facilitates the immediate and instant payments all across the world. Litecoin also works on peer to peer mechanism and there are no central governing authorities. It offers great security and user control to the investors. Litecoin has its own blockchain and works on innovative crypto frameworks. It was actually developed by keeping the flaws of Bitcoin’s blockchain technology in mind. It is the only coin that has steadily increased its value after Bitcoin.
Cons
- LTC will continue to sink as investors shift towards projects that are more realistic in their goals. Successful projects aren’t those planning to replace the dollar: they’re the ones trying to fix problems otherwise unsolvable without blockchain and cryptocurrency. Litecoin is a peer-to-peer cryptocurrency and one of the oldest out there; having been developed back in 2011. When the LTC payment application, LitePay, surprised followers with the news that it was planning to roll-out Litecoin-ready payment cards in February, the price of LTC shot up to nearly $300.
