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Review on Litecoin by rajat manak
Overall Litecoin is the best cryptocurrency which enables peer to peerโฆ
Overall Litecoin is the best cryptocurrency which enables peer to peer transaction between two person. it also faster and cheaper than bitcoin. but as it is modified version of bitcoin it will not be having any new ideas like other altcoins.
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Updated 5 years ago
Rating has not been changed
Litcoin has many news are coming which may increase price of litecoin because the main news is halving of litecoin is coming where all mining litecoin reward is half after halving, so supply in market is not releasing in market.
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Pros
- Litecoin is the decentralized peer to peer cryptocurrency which performs lightning network. By lightning network, two people will transact without any third party. Litecoin is the modified version of bitcoin as Litecoin is the fork of bitcoin. Litecoin is considerably fast than bitcoin and with low network fees. Litecoin is globally accepted and also major companies accept litecoin after bitcoin. according to market cap, Litecoin is ranked on 7th place. Litecoin is listed on all exchanges so, anyone can trade easily with litecoin.
Cons
- There are only a few drawbacks of litecoin but should improve that is,Team responses are very slow, Segwit has recently been included in Bitcoin, the advantages in Litecoin over Bitcoin is reduced. Lite coin is just a modified version of bitcoin, it does not have any new idea of the project like other altcoins.
