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Review on Litecoin by Mohammed Umaru

Revainrating 4 out of 5

Litecoin was a fork of the Bitcoin Core client, with a few slight differences…

Litecoin was a fork of the Bitcoin Core client, with a few slight differences. It had a reduced block generation time at two and a half minutes; it had significantly more coins or tokens, a modified GUI (Graphical User Interface,) and a different hashing algorithm using scrypt, instead of SHA-256.



Pros
  • They symbolise an affordable option for people looking to perform transactions, with an almost zero transaction fee compared to Bitcoin and other Cryptocurrency. They are considerably less volatile during market crashes or corrections than some of its peers.
Cons
  • Since Litecoin is a fork of Bitcoin, or a new version of you prefer the term, it implies that there will be few, if any, new and innovative ideas, which is something that other big projects similar Litecoin can offer

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