Review on Litecoin by Harold Galang

Name: Litecoin
Item: Litecoin
Rating: 3

July 25, 2020

Litecoin review

Personally, It is better than Bitcoin when it comes to its block time of 2.5 mins on average, whereas Bitcoin sits on 10 mins per block on average, so you don't wait as much when comparing the two cryptocurrency.
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However, the price of Litecoin is not that high compare to bitcoin. Litecoin was intended to be used as a form of payment to services, and it was also used as an investment, other traders also speculate on the price of it.
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Litecoin's model is also deflationary, means its supply is finite just like bitcoin, but its total supply is 84 million whereas bitcoin has only 21 million supply.
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Just like with other financial instruments, you must study first what you're getting into to minimize the risk that surrounds it.
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