Review on Litecoin by suraj hindi

Name: Litecoin
Item: Litecoin
Rating: 4

September 13, 2018

Overall Litecoin is best cryptocurrency which integrate lightning network…

Overall Litecoin is best cryptocurrency which integrate lightning network which allows fast payment between twoi persons without any authorities. Litecoin is also dark web's preferred coin for payment.
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Updated 5 years ago

Rating has not been changed

Litecoin is now a major cryptocurrency and its mostly accepted everywhere who accepts bitcoins as payment. Litecoin is preffered to makeinstant transactions.
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Pros

Litecoin is a decentralized peer to peer cryptocurrency which is created in 2011. By litecoin, integration of lightning network is possible.Lightning network is system of smart contract which allows fast and cheap payment directly between two parties directly without third party agencies. the network fees for transaction of litecoin is low as compared to other cryptocurrency. Litecoin is listed on all major exchanges and ranked in Top 10 as marketcap of cryptocurrencies.

Cons

There are some minor cons like Litecoin market will be somewhat damaged until Bitcoins scaling problem is solved. Litecoin is the fork of bitcoin it implies that there are fewer new innovative ideas which other altcoins have to offer. Litepay which is like bitpay is closed recently.