1 Level
16 Review
36 Karma
Review on Litecoin by Hadu KenTiger
Each member of the community acts both as a user and as a server. This is…
Each member of the community acts both as a user and as a server. This is similar to the peer-to-peer network used for downloading and distributing files (uTorrent). These long trading hours have left the candidates as potential trading tools for small payments. To solve this problem, Lee decided to reduce the blocking time of the Litecoin network.
Pros
- Good team, good marketing, but lack support for other languages. It shares many of the same characteristics as Bitcoin but strives to be lighter and faster and as a result, exhibits shorter block generation times of approximately 2.5 minutes. The speed and lightening transfer feature is nothing compared to Bitcoin abd the script of proof of work isn't anywhere what Lower version Bitcoin has to offer. Additionally, litecoin produces x4 of the number of tokens btc ever produces.
Cons
- Issues with Scalability and beginner knowledge is a major concern to Litecoin project. As it is quite similar to Bitcoin, all the procedure within LTC network tend to similarly with BTC.
