1 Level
8 Review
5 Karma
Review on Litecoin by jawad angad
Great cryptocurrency. Fast confirmation times, cheap transaction fee. Unique…
Great cryptocurrency. Fast confirmation times, cheap transaction fee. Unique use cases compared to Bitcoin. Active development and reddit community. Probably the only cryptocurrency with a recognizable brand name besides Bitcoin. People have ignored Litecoin for years, but it has remained a consistent store of value that is supported by many exchanges. Litecoin, with the agreement of participation from most of the hash-rate leading pools, is at the door of activating Segregated Witness. A potential investments opportunity, a LTC value and usability will definitely increase.
Pros
- Fast (6x faster confirmation times than bitcoin) - More scalable than bitcoin by default - Top 3 in terms of security (money invested into hashing power) - Cheap transaction fee
Cons
- Not the most user friendly - The community is not as supportive to newcomers
