Review on Litecoin by Ayu Anggraini
What i think about Litecoin
Besides Bitcoin, one of the currencies with other large market capitalization that you need to know is Litecoin. Currently this project has a Market Cap value of $ 2,935,465,566 USD / 298,792 BTC. Litecoin was created by Charles Lee, and is a blockchain-based decentralized global payment network that has transaction verification speeds 4 times faster than bitcoin. Litecoin only takes about 2.5 minutes to verify a transaction. currently Litecoin is sitting in the 7th place from Crypto currency rank. In my opinion investing in Litecoin is not a bad choice. At present Litecoin can be obtained by being mined in a special computer system called ASIC, you can also buy it on an exchange and from a faucet. One of the strengths of Litecoin is that there is a first Lightning Network Transaction and atomic exchange so as to enable exchange without a third party or centralized system. Litecoin's presence is to correct the deficiencies that exist in bitcoin ... because it is actually a Bitcoin fork and aims to make crypto better, cheaper and easier than bitcoin. In my personal opinion, Litecoin still needs regulation and need toh increase its functionality or to impose more breakthroughs to become a better crypto currency because competition is getting tougher with the presence of other superior projects.
Pros
- Alternative investment than a bitcoin
- Experienced team behind the projects
Cons
- Nothing poor for now
