Review on Litecoin by Kamran Namazov
My litecoin review
Charlie Lee, the creator of litecoin, which makes transactions four times faster, also quadrupled the amount of money miners can extract. In other words, the total number of litecoin that can be mined is 84 million. It may sound interesting, but the high number of litecoin can affect users psychologically and this money can be used for smaller purchases. Instead of saying "1 bitcoin 17 thousand dollars", it is more convenient to say "1 litecoin is 280 dollars" and it is easier to spend.
The coin famous for its ups and downs.
This cryptocurrency is famous for its ups and downs. Be careful when you are Storing this cryptocurrency on the exchanges can be dangerous
Pros
- Faster transactions
- Low transaction fees
- Litecoin, inspired by the open source software of Bitcoin, uses a different algorithm. Thanks to this algorithm, mining operations can be done easier and keeping system requirements to a minimum.
Cons
- None yet
