1 Level
5 Review
5 Karma
Review on Litecoin by Lazar Dačković
Litecoin is maybe better than Bitcoin
If BITCOIN is gold, then LITECOIN is silver. It has all the positive characteristics of bitcoin, and there are no disadvantages of bitcoin. The current commission on the network is 0.1 usd while on the bitcoin network it is over 30 usd per transaction. 6x is faster than bitcoin. As the number of cryptocurrency users grows, I believe that an increasing focus will be given to currencies with low network costs. Limited number, 84M, which is 4x more than BTC. The price of BTC today is 35,000 usd, and LTC only 170 usd. Huge potential lies in it. Its real price in my opinion should be 30x cheaper than BTC. We are currently very far from that price, so there is huge room for progress in this currency. It didn’t break its 2017 ATH, like BTC or ETH which grew 3x since its ATH of the same year.
Pros
- Speed
- Low fees
Cons
- I am not currently familiar with the flaws
