This project has been around since 2011, which is a very long time, but compared to the introduction of ltc currency just two years after bitcoin, it had good advantages over bitcoin.
litecoin is one of the projects that I think has a bright future. The network transactions are 4 times faster than the bitcoin blockchain, which is great. Given the fact that the price of litecoin has reached such a level that if it is much lower, this network will not be very profitable for Miners, so I say now is a good time to buy litecoins.
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