Review on Litecoin by DAT NGUYEN PHAT

Name: Litecoin
Item: Litecoin
Rating: 5

September 13, 2018

This coin confirms your transaction faster than Bitcoin. In addition to this…

This coin confirms your transaction faster than Bitcoin. In addition to this, there are more. LTC makes the news, for being faster in confirming all of its transactions which is more beneficial in a practical sense. Today, handling fiat currencies or other digital currencies are nowhere near the ease of handling LTCs. It is just like your credit card – all you have to do is swipe it at the Staurbucks (when Starbucks will accept cryptocurrencies as well as their mainstream payment means) and come out sipping your Hot Mocha. In reality, LTC is holds more value for many reasons. BTC is valued more since it is scarce. but LTC will become the same once its investor-base expands. A total of 84 million LTC will float in the market. Moreover, LTC has more in its favour – It can be sent to anywhere across the globe quite instantaneously and at lower fees that Bitcoin.
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Pros

High hashrate support that allow a fast secure chain. -Very low transaction fee -High developement potential with 'segwit' activation - IOS/Android Mobile wallet - Miners add value with merged mining. The dev, Charlie Lee is extremely active on Twitter and attends major conferences. He used to work at Coinbase but has left to devote all his time to LTC.

Cons

Litecoin is a very promising cryptocurrency, mostly because it was built on the same principal as Bitcoin. Whenever we see a spike in Bitcoin’s price, Litecoin gains value shortly after. This is why many people consider investing into Litecoin. Its low price is also a huge selling point. Additionally, the fact that transactions are completed almost 4 times faster on the Litecoin network when compared to Bitcoin is also impressive.