Review on Litecoin by william cino
Litecoin Reviews
here a little review of LTC tells me personally
Internet Litecoin money uses an open source system in the global payment network. LTC is a cryptocurrency that is quite popular just a few years after the arrival of Bitcoin. Digital internet currency, LTC was initiated by four people, namely:
1.Charlie Lee
2.Xinxi Wang
3.Zing Yang
4.Franklyn Richards
At first the LTC founders made cryptocurrency improvements to Bitcoin on the grounds to facilitate small and medium economic transactions. Thus they make the LTC blockchain technology faster, making more block generation with a total coin in circulation larger than Bitcoin. The total LTC circulation coins are set in the protocol system, which is 84,000,000 LTC. While as of May 3, 2019 the number already in the world was 61,598,208 LTC.
So that working principles such as Bitcoin and Litecoin can measure the development of the global market from crpyto currency itself. Litecoin is an open source that adheres to a decentralized system of power in management. This allows anyone, from any race, religion, ethnicity, nation or country to enter the Litecoin world. Anyone you can have a Litecoin bank account only by downloading an existing wallet for desktop, iOS or Android.
Anyone you can mine Litecoin and benefit from fees or commissions provided. The principle of Litecoin's work makes them free from the politics and ideology of the state. A decentralized system without central authorities. So it is very much different from paypal, credit cards, credit or gopay, or banks in general. Like the Bitcoin working system, there is only mathematics that secures internet networks and transactions.
Pros
- fast transactions and low fee fees, therefore I quite like this litcoin
Cons
- so far there are no cons, all is well
