1 Level
16 Review
18 Karma
Review on Litecoin by Luyn Hoang
Litecoin’s success definitely is in the hands of Bitcoin and the successful…
Litecoin’s success definitely is in the hands of Bitcoin and the successful integration of the Lightning Network. Litecoin is currently struggling trying to recover from the fallout from LitePay, which was supposed to help Litecoin reach more users. Litecoin, like any other coin out there is a risky investment. As per usual, do your own research and come up with your own decisions!
Pros
- The Lightning Network is a system of smart contracts built on top of the base Bitcoin blockchain that allows for fast, cheap payments directly between two parties.
Cons
- The people’s perception may hurt the name of Litecoin. Numerous people seem to think that it is the same as Bitcoin. It may be some time if it happens at all before Litecoin reaches the prominence and sustainability that Bitcoin showcases every year. People are still waiting for a counter-move now that Bitcoin added SegWit to its catalog of offerings.
