1 Level
20 Review
140 Karma
Review on Litecoin by pankaj borah
Overall I feel litecoin has a long way to go. Since it's based on Bitcoin…
Overall I feel litecoin has a long way to go. Since it's based on Bitcoin codebase so unless the scalability issues surrounding Bitcoin is resolved nothing can be said much in advanced. Apart from all this litecoin is quite popular among investors.
Pros
- * Very popular and widely accepted by people than most of the cryptocurrencies. * Core development team is well experienced. * Atomic swap between LTC and BTC have already tested. * Low supply. * Comparatively cheap transactional fees. * Supported by almost all hardware wallets and exchanges.
Cons
- * Since it is based on Bitcoin codebase so that restricts it's flexibility a bit. * 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.
