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Review on Litecoin by Saifannur LJ

Revainrating 5 out of 5

As the cryptocurrency which is designed to be a better version of Bitcoin, LTC…

As the cryptocurrency which is designed to be a better version of Bitcoin, LTC has proffed some valuable features within their network such as the transactions fees (Lower), time settlement (Faster) and integrated with Scrypt algorithm in its Proof-of-Work Model which is mean LTC is a mineable coin. Since LTC became as the older cryptocurrency among others (BTC, ETH and etc) many investors and public enthusiast have tendency in their investments with LTC.



Pros
  • Litecoin (LTC) is created by Google employee named charlie lee, he designed this cryptocurrency it to be a better version of Bitcoin. Its fully decentralized and allowing nearly zero-cost payments all over the world on transaction fees. LTC is also mineable coin and works by peer to peer transaction. The special features within LTC are its faster and safer method for transactions, which is as quick as sending a text message.
Cons
  • Concerning about the transaction fees reduced its also will make LTC as cheaper cryptocurrency while we compared with BTC. As it is quite similar to Bitcoin, all the procedure within LTC network tend to similarly with BTC.

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