Review on Litecoin by Nguyễn Thanh Bình

Name: Litecoin
Item: Litecoin
Rating: 5

September 21, 2018

Litecoin (LTC) is a peer-to-peer codec and is a MIT / X11 based open source…

Litecoin (LTC) is a peer-to-peer codec and is a MIT / X11 based open source licensing project. Litecoin is similar to Bitcoin (BTC) and is not managed by any organization.LTC was developed by a former Google employee named Charles Lee in October 2011.
The transaction is 4 times faster than Bitcoin because it takes 2.5 minutes to create a block.
Operated globally and heavily used, many ATMs can be traded Litecoin.
Litecoin is so decentralized that it has absolutely no headquarters, the money is extremely safe, no one has the right to manage or release Litecoin.
Not subject to any management should reduce management costs.
The Litecoin is obtained through Litecoin mining, thus fighting inflation.
-Still not popular so many people still do not know Litecoin, usually only transactions in small transactions.
- The purpose of money laundering by criminal organizations, Litecoin has no organization behind it is also a problem to not know who is using Litecoin money, which makes gangs money laundering can not. prevent.
- Hard to use if you do not have the knowledge, you need to learn a new time is likely to transaction Litecoin.
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Pros

The platform of Litecoin is Peer To Peer so the transaction is completely free for everyone around the globe.This is a secure way that is completely free, very convenient for customers.Sending money Litecoin is as simple as sending emails, so it's easy to do without much research. Litecoin has improved the use of the Scrypt platform, which makes it easy for virtual money operators to dig two different currencies, Litecoin and Bitcoin, which is completely different from the Bitcoin platform, using only the SHA256. Dig into Bitcoin on the same machine. Provided by the Peer to Peer system, the transaction is free everywhere in the world. - Trading is 4 times faster than Bitcoin because it takes 2.5 minutes to create a block. - Operated globally and used by many users, many ATMs can be traded Litecoin. - Litecoin is decentralized so it has absolutely no headquarters, the money is extremely safe, no one has the right to manage or release Litecoin. - Easy to use for shopping, transferring money or buying coffee. - Do not take any management should reduce management costs. - The acquisition of Litecoin through Litecoin mining will help to prevent inflation. - Safe and very confidential.

Cons

- Still not popular so many people still do not know Litecoin, usually only transactions in small transactions. - The purpose of money laundering by criminal organizations, Litecoin has no organization behind it is also a problem to not know who is using Litecoin money, which makes gangs money laundering can not. prevent. - Hard to use if you do not have the knowledge, you need to learn a new time is likely to transaction Litecoin.