Review on Litecoin by Kadir Akar
USE LITECOIN for payments
litecoin is a popular decentralized cryptocurrency that allows you to transfer money from one end of the world to the other with very low transaction fees. It has fast processing times compared to other crypto currencies and is much easier to transfer.
Mining can be done just like bitcoin, because litecoin is very similar to bitcoin due to its structure. Miners are currently rewarded with 12.5 new litecoins per block, and this amount is halved approximately every 4 years (840,000 blocks).
84 million litecoins in total will be produced.
Almost every stock exchange is open to trade and it is very easy to buy and exchange.
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I see litecoin as a long investment tool and should definitely be used for fast transfer and low cost.
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Pros
- FAST and low cost money transfer
- mining reward and prize halving (increases price)
- open to trade on many exchanges
- reliable and decentralized payment tool
Cons
- I use litecoin for money transfers I have not encountered any problems so far
