Review on Litecoin by Jack Davies
litecoin is just a copy
I am not very interested in this project. I think litecoin is actually a copy of the bitcoin network. The manufacturer of litecoin has not made many changes to its network and has only improved the speed and commissions, which if the price of ltc grows a lot, a large commission may be received from each transaction.
litecoin even imitates bitcoin (each smaller unit of bitcoin is called satoshi) and its smaller units are called litoshi. Of course, I'm right, this project was released only 2 years after Bitcoin, but after all these years, I do not think it has any value anymore and it is just an imitation of Bitcoin. There are currently many projects that have many advantages over bitcoin.
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Pros
- Transaction speed is faster (compared to Bitcoin)
Cons
- Is a copy of Bitcoin
- It has no special new features
- The production team does not announce a specific plan for the future
