Review on Litecoin by Praise Olagbadun
Advantages Litecoin has over Bitcoin
Litecoin is an alternative coin to Bitcoin (also known as altcoin) and was introduced three years after Bitcoin was introduced (Bitcoin was introduced in the year 2009 while Litecoin was introduced in the year 2011). Litecoin when compared to Bitcoin is far better as it possess a very great processing speed which makes it most traders choice. Although Litecoin is not as popular as Bitcoin, I prefer it because it's transaction fee is very low and by using it I save money
Pros
- Litecoin is known to possess a very great speed
- Litecoin also possess a very cheap transaction fee which makes it the choice of most traders
- Litecoin possess the characteristics of both traditional and electronic currencies
- Litecoin is one of the most stable cryptocurrency in the cryptocurrency market unlike Bitcoin
Cons
- Low trading volume is highly associated with Litecoin
- Litecoin is not well known unlike Bitcoin which is used and known by many
New products
Comments (1)
September 18, 2020
Litecoin for sure is advantageous when compared to Bitcoin except that it is not as popular as Bitcoin. But with the way things are going and more traders are trooping into the crypto world, it is no doubt that Litecoin would also gain it's popularity very soon
