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Review on Litecoin by Alberta Sean
One of the several clone cryptocurrencies that stemmed from Bitcoin, Litecoin…
One of the several clone cryptocurrencies that stemmed from Bitcoin, Litecoin “forked” off the Bitcoin ledger in late 2011. It was intended to be the silver to Bitcoin’s gold: a faster, more lightweight version of the Satoshi Nakamoto-created cryptocurrency. Instead of the approximately 10 minutes it takes for a Bitcoin transaction, a Litecoin transaction only takes 2.5 minutes.
Pros
- It plans to improve on Bitcoin deficiencies While making transactions four times faster, Litecoin’s creator also Charlie Lee quadrupled the maximum number of coins that can be mined. While bitcoin has a total of 21 million, Litecoin totals 84 million. And the total market value of Litecoin is currently lower: $18 billion to Bitcoin’s $291 billion. It is the fourth largest cryptocurrency market behind Bitcoin, Ethereum, and Bitcoin cash.
Cons
- The vision is always I wanted Litecoin to complement not compete,” Charlie Lee said at a March Coinbase talk which invariably means growth of litecoin is limited and it's directly proportional to Bitcoin. There lot of newer project that has currently provided a better light , faster and fee Less transactions.
