Review on Litecoin by Amos joseph
Litecoin fast speed
Since the inception of bitcoin in 2009 a whole lot of crypto currency are being introduced every now and then litecoin was introduced in 2011 and was meant to be lite in terms of speed and weight an interesting fact about litecoin is that it's transaction speed is a bit faster than than that of bitcoin. Litecoin can be store in your wallet address can be use to send and receive crypto can be use for exchange and trading mining using litecoin can't be overemphasize too to increase holders earning.
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Litecoin was introduced to limit the flaws of bitcoin transaction sending litecoin to someone takes less than 3 minutes to process transaction while that of bitcoin is 10 minutes and more this actually shows that it takes less times for litecoin to have a block confirmation isn't this awesome litecoin was generally introduced for fast speed in delivery. Litecoin is scalable in terms of handling more transaction than bitcoin.
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Litecoin being a decentralized base coin makes it very safe and secure with your private key only you can have access to your wallet it is also safe for user to have a recovery phrase key in case of any incident, know all your savings and transactions with this decentralized coin are very secure and none of your information will be disclosed to any third party.
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Pros
- Litecoin transaction speed is very fast it takes few seconds to complete transaction
- Security of the decentralized coin is very safe and secure
Cons
- Non for now
