Review on Litecoin by Raquel Matos

Name: Litecoin
Item: Litecoin
Rating: 3

June 19, 2020

Litecoins has a good platform

Litecoins It is a cryptocurrency created in 2011 that imitates Bitcoin but makes it a little more interesting because it generates fewer commissions and the processing of transactions is much faster and its limit is much broader since 84 million of these will be generated .
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Pros

Litecoin It is a decentralized virtual currency that is, it does not have any authority that regulates the currency.
It is a peer to peer cryptocurrency that avoids intermediaries and reduces costs; one person can transfer it to another, to a bank or to a payment processing service.
the time to generate a transaction 2 minutes 30 sec is much faster than another cryptocurrency, that is, it generates 4 times more blocks than its nearby competition

Cons