Review on Litecoin by duy anh

Name: Litecoin
Item: Litecoin
Rating: 5

September 13, 2018

Litecoin (LTC or L [1]) is a peer-to-peer coding and open source software…

Litecoin (LTC or L [1]) is a peer-to-peer coding and open source software project licensed under the MIT / X11 license. Inspired and technically almost identical to bitcoin (BTC), the creation and transfer of Litecoin is based on an open source protocol and is not managed by any central authority.
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Pros

There is a lot of potential in the OmiseGO platform. Being able to exchange any crypto or fiat currency instantly would be a game changer. However, they need Plasma to be functional, in order to have a fully functioning product. It is to Ethereum to what the Lightning Network is to Bitcoin.Cons

Cons

It takes a lot of time to sync Not conducive to miners Fewer users Can not access all new updates made in the ETH chain (for example, Switches from POW to POS). Most influential people support ETH