Review on Litecoin by Alex Martakov
Detail Review
For investors, Litecoin represents relative potential. There is a growth trend, but many experts associate it with the General interest in the cryptocurrency market. The main disadvantage of litecoin is not a technical implementation, and the lack of original ideas.
In practice, Litecoin does not offer any new projects for further development, which would significantly distinguish it from bitcoin. The emphasis is only on the accelerated transaction and more favorable conditions while mining. User activity, however, confirms that these factors are insufficient.
For short-term and long-term investment, the cryptocurrency market offers many other attractive and original projects including transactions processed within seconds. And the gradual decline in the position of Litecoin in the ranking confirms that growth requires the development and introduction of new technologies.
Pros
- a higher volume of transactions
- Widely available resources
- Open source software
- The Litecoin blockchain can handle a higher transaction volume than bitcoin.
- Mining
Cons
- In the conditions of decentralization of this cryptocurrency it is easier and cheaper to carry out an attack in the presence of a large share of the hashrate.
- A large number of blocks increases the blockchain and the space it occupies on the computer.
- With a significant increase in the number of transactions, the confirmation time also increases.
