Review on Litecoin by minh nguyễn

Name: Litecoin
Item: Litecoin
Rating: 5

September 13, 2018

This coin is in the 7th position in 2018. It is likely to stand higher in the…

This coin is in the 7th position in 2018. It is likely to stand higher in the future because of its stability and future growth. In my opinion, we should invest in this potential coin.
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Pros

Litecoin is a peer-to-peer P2P currency on the Internet with instant payout and transaction fees almost zero, completely decentralized. Litecoin's algorithm empowers individuals to control their own finances and secure their networks.This blockchain is capable of handling higher transaction volumes than Bitcoin. Due to the faster block time, Litecoin can support more transactions without much change in the future.

Cons

itecoin can handle larger transaction volumes thanks to faster batch creation time. If Bitcoin tries to catch up with this pace, a major change in source code would be required, which requires a common consensus. The disadvantage of this higher block generation rate is that the blockchain of Litecoin develops in a larger proportion than Bitcoin, with more "orphan blocks". The faster block generation reduces the risk of "Double Spending" - theoretically when both networks have the same hash strength. A transaction waits at least twice for 5 minutes, with Bitcoin, they take 10 minutes.