Review on Litecoin by Marion Kutlersi
Litecoin is easier to handle
I think Litecoin is a currency that is easier to handle and simplified to increase its attractiveness and reach a wider audience. I think Litecoin is faster transaction validation. I think that this is what constitutes the main argument of the project, a simplified mining process accessible from computers without great computing capacity. I think increased scalability on the network, with significantly reduced transaction fees and I think the possibility of using cryptocurrency as a means of payment on a daily basis. I think cryptocurrency remains little innovative, and many competitors claim the same objective I think that the technical improvements made to the Litecoin network are still small. I think Bitcoin is constantly improving, with, for example, the Lightning Network protocol trying to provide a solution to BTC's scalability issues, which could work against Litecoin. I think its similarities to Bitcoin create doubts about its growth and ability to function in the long term.
Pros
- I think the transaction fees are significantly reduced
Cons
- I think the technical improvements made to the Bitcoin network are still small
