1 Level
11 Review
16 Karma
Review on Litecoin by Eze Gold
Litecoin is absolutely decentralized, no intermediaries, institutions or…
Litecoin is absolutely decentralized, no intermediaries, institutions or central firewall are needed for its operation. The functioning of the system is provided by all members of the community, each of which has absolutely equal rights. Each member of the community acts both as a user and as a server. This is similar to the peer-to-peer network used for downloading and distributing files (uTorrent).
Pros
- Anyone who has access to the Internet can store his/her money in Litecoin (as well as in any other coin). At the same time, users have the opportunity to control their own funds independently, without supervision of banks and other financial structures. Litecoin is a digital currency, which can help you to receive and send transactions almost instantly and with a minimum commission.
Cons
- I don't have much to hate about litecoin because I was an early investor and I earned a lot by hodling it. Maybe I would ask that the community these days just gets really active rather than spammers taking over the show.
