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Review on Litecoin by comando lee
Some people say the Lightning Network on Bitcoin will kill any reason to use…
Some people say the Lightning Network on Bitcoin will kill any reason to use Litecoin. However, it makes economic sense for a Lightning Network transaction to go through Litecoin when Bitcoin networks are congested. Charlie envisions both Litecoin and Bitcoin will work together to solve the world’s transition needs in the future.
Pros
- The Lightning Network’s use of payment channels effectively allows users to transact with each other directly rather than broadcasting their business to the entire world.
Cons
- Since Litecoin is a fork of Bitcoin, or a new version of you prefer the term, it implies that there will be few, if any, new and innovative ideas, which is something that altcoins have to offer. Litecoin market will be somewhat damaged until Bitcoin’s scaling problem is solved. With that development, Litecoin lost one of the values that made it different.
