1 Level
11 Review
8 Karma
Review on Litecoin by John Smith
Litecoin is an open source, worldwide payment network that does not have anyโฆ
Litecoin is an open source, worldwide payment network that does not have any central authorities. It is released under the MIT/X11 license and the creation and transfer of coins are facilitated by an open source cryptographic protocol. Because this fully decentralized network is secured by mathematical algorithms, it allows individuals to be in complete control of their finances.
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Pros
- Litecoin (LTC) is a network currency based on "peer-to-peer" technology and an open source software project under the MIT/X11 license. It can help users instantly pay to anyone in the world. Litecoin is inspired by Bitcoin (BTC) and has the same technical implementation principle. The creation and transfer of Litecoin are based on an open-source encryption protocol and is not managed by any central agency.
Cons
- In the copycat currency that competes with Bitcoin, the follow-up innovation and promotion of the development team is obviously insufficient
