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Review on Litecoin by ankush bindra
Overall litecoin is the best option for payment as it is faster and takes…
Overall litecoin is the best option for payment as it is faster and takes fewer fees as compared to bitcoin. and also litecoin is listed on all exchanges so big traders can easily trade litecoin very easily. but the team must upgrade the project of litecoin.
Pros
- Litecoin is decentralized peer to peer cryptocurrency that enables people to do the transaction without any third party agencies by the lightning network. Litecoin uses the different hashing algorithm that allows doing transactions faster than Bitcoin. litecoin transaction network fees are much less than bitcoin. also, litecoin is the well-known project and is listed on all major exchanges even all exchanges. also, Litecoin is ranked on top 10 according to market capitalization.
Cons
- Litecoin project has not any major drawbacks but some of them like, litecoin has less name recognition than bitcoin or other major cryptocurrencies. also, the founder of litecoin, Charlie Lee sold all of his Litecoin citing a ‘conflict of interest.’ Some critics say this is a sign of negative things to come for the coin. Litecoin is the only an upgraded version of bitcoin, it has not any unique concept about the project. also Litepay which is just like paypal is closed which is specially made for Litecoin.
