- Litecoin is the decentralized peer to peer cryptocurrency which performs lightning network. By lightning network, two people will transact without any third party. Litecoin is the modified version of bitcoin as Litecoin is the fork of bitcoin. Litecoin is considerably fast than bitcoin and with low network fees. Litecoin is globally accepted and also major companies accept litecoin after bitcoin. according to market cap, Litecoin is ranked on 7th place. Litecoin is listed on all exchanges so, anyone can trade easily with litecoin.
- There are only a few drawbacks of litecoin but should improve that is,Team responses are very slow, Segwit has recently been included in Bitcoin, the advantages in Litecoin over Bitcoin is reduced. Lite coin is just a modified version of bitcoin, it does not have any new idea of the project like other altcoins.