Review on Litecoin by Bünyamin Sevinç
Litecoin
In my article today, I will talk about another crypto currency, Litecoin.
Litecoin works similarly to Bitcoin and Ethereum.
It is the choice of everyone with its almost zero cost. And it is also not governed by a central authority.
I can say that it is a lighter version of Bitcoin.
I believe Litecoin will always be successful with a simple product design, excellent track record and excellent distribution.
I can say that the reduction of the block time has provided Litecoin with more scalability than before. LTC is now 4 times faster than Bitcoin in terms of transactions per second (tps).
Also, many traders see Litecoin as a more sustainable option in the market. This is because LTC generally experiences less volatility than its older brother Bitcoin.
The development team behind the project has repeatedly proved their willingness to stay technologically competitive.
As a result, it has a promising future in the cryptocurrency world. It is also one of my favorites. Truly their teams are doing great work and I think they will achieve more over time.
Thank you to everyone who reads and those who do not.
Pros
- Lower costs
- Simple product design, excellent track performance and excellent distribution
- 4 times faster than BTC
- Less volatile than BTC
- A great development team
Cons
- Not for now.
