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Review on Litecoin by phuc nguyen
Litecoin has remained steady as the world’s fourth most popular cryptocurrency…
Litecoin has remained steady as the world’s fourth most popular cryptocurrency (by market cap). The only currencies ahead of Litecoin in market cap are bitcoin, Ethereum, and Ripple. With a market cap of over $2 billion, Litecoin has grown from a small bitcoin fork project into a giant of the digital economy. You can learn more about Litecoin by visiting Litecoin.org today.
Pros
- -High hashrate support that allow a fast secure chain. -Very low transaction fee -High developement potential with 'segwit' activation - IOS/Android Mobile wallet - Miners add value with merged mining- Fast (4x faster confirmation times than bitcoin) - More scalable than bitcoin by default - Top 3 in terms of security (money invested into hashing power) - Cheap transaction fee
Cons
- - Not the most user friendly - The community is not as supportive to newcomers as lets say.. dogecoin -The creator could use more energy on parading his own cryptocurrency and interacting with the community. Very resilient to price(LTCUSD) change; -Not very proactive in developpement; it got its code and core from BTC
