1 Level
16 Review
27 Karma
Review on Litecoin by Jet Lee
Litecoin can and will be implemented in so many coins because of what they are…
Litecoin can and will be implemented in so many coins because of what they are capable of. Thanks to significant industry support, trading volume and liquidity, Litecoin is a viable commercial intermediary besides Bitcoin. Litecoin is actively been developed by a great team and follows a transparent release process due to it open source nature, this facilitates the independent verification of binaries and their corresponding source code.
Pros
- One of them was Bitcoin's high transaction time. These long trading hours have left the candidates as potential trading tools for small payments. The speed and lightening transfer feature is nothing compared to Bitcoin abd the script of proof of work isn't anywhere what Lower version Bitcoin has to offer. This allows for both faster transaction clearance and in turn, lower transaction fees than Bitcoin.
Cons
- The project has suffered a lot after it's creator Charlie sold all his holding sending a message that he doesn't have faith in his own coin.
