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Review on Litecoin by larueer kenbe
With most cryptocurrencies, the question of ‘which is best'(?) isn’t easy to…
With most cryptocurrencies, the question of ‘which is best'(?) isn’t easy to answer. No cryptocurrency is a sure thing and every single one of them has potential and features that the others don’t. The best way to answer that question is to base it on what you want to use it for. In the case of Litecoin vs. Bitcoin, there are two key points that should be looked at. If you are looking to purchase for the long term, Bitcoin is your best bet, and if you’re looking to transfer and spend cryptocurrency on a regular basis, Litecoin is the better option.
Pros
- That’s not to say that Litecoin’s implementation is perfect. There is some debate over whether a faster block time results in a less-secure transaction system, though that hasn’t manifested in any major problems on the blockchain as of yet. Bitcoin does also have a wider array of purchasable goods and services online, so if you’re looking to buy something with your cryptocurrency, bitcoin does have an edge, even if it’s more expensive.
Cons
- Charlie Lee created Litecoin by cloning and making adjustments to the Bitcoin code where he saw room for improvement. Lee was a former employee of Google who worked on the Youtube Mobile and Chrome OS projects. Xinxi Wang is one of the LTC core developers and board of directors of the Litecoin foundation. Wang is successful programmer entrepreneur and a respected voice in the crypto community. The Litecoin core development team maintains the LTC network, whose role is one of custodianship rather than ownership.
