Review on Litecoin by francis fernandez
GETTING TO KNOW LITECOIN
Litecoin is known as a virtual currency used as a means of payment for online transactions from anywhere in the world. Being an online currency, it is managed in a decentralized way, that is, there is no regulatory body for its transactions; these are supervised by the same users of this payment network. The reliability of your electronic wallet is based on your mathematical codes, antivirus systems and the control that your affiliates have over their finances. This factor, coupled with the speed of your transactions, allows more and more merchants to join your payment network
Pros
- The user of the Litecoin payment network has full control over their finances at any time and from anywhere in the world with internet access.
- Your electronic wallet offers reasonable security on your transactions by being handled under the encrypted mathematical code mode.
- Its software allows you to store the largest number of transactions; which allows a greater speed in the operations of its users, being faster than Bitcoin
- Litecoin has a public access software license that allows its users to carry out checks on their codes, access information about their statistics, list of transactions and general information.
Cons
- As all virtual currencies do not have a regulatory entity, such as a bank or government entity that guarantees their issuance; which for some people could be unreliable; since there is no physical place to go in case of a mishap.
