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Review on Litecoin by truong thai
Litecoin is one of the most highly regarded virtual currencies. 5/2017โฆ
Litecoin is one of the most highly regarded virtual currencies. 5/2017 Litecoin system has completed Segwit. This has been creating a springboard to promote their development. In addition, Litecoin intends to expand its trading capabilities by developing additional lighting networks to Smart Contract. In general we can see that Litecoin is a very worthwhile investment to invest in at the moment
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Pros
- Date 07/10/2011, Litecoin created on the Github source code by the Google Employee of Google is Charles Lee. From which to open a new discature for the virtual virtual, the user has add a first the selected the basic found.Processes each block in 2.5 minutes, faster than Bitcoin thanks to the PoW algorithm. Along with that is the asymptotic memory instead of the hard disk memory. And use advanced encryption algorithm Scrypt
Cons
- Few users: Litecoin is very convenient, but the market access has not been long so the range is limited, many people do not know. Thus, Litecoin usually deals only with small transactions Social Issues, Hackers: Litecoin Money is not managed by any organization that is both a profitable but a double-edged sword. It can be used by criminals to carry out sophisticated money laundering Hard to use if you do not know the technology: You have to take time to learn to be able to conduct transactions
