Review on Litecoin by Sheila Cova
Litecoin
Litecoin is an anonymous cryptocurrency based on a P2P network. The principle of the P2P network is that there is no type of authority that regulates the currency, which differentiates it from traditional currencies. Managing transactions and issuing money collectively thanks to the network.
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Pros
- They are traded for fiat money, bitcoins, or other cryptocurrencies, mostly through online exchange platforms.
- Transactions are much faster, on average they can take approximately 2.5 minutes.
Cons
- So far I can not give a negative aspect
