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Yffiniac
1 Level
10 Review
17 Karma

Review on Litecoin by Marion Kutlersi

Revainrating 5 out of 5

Litecoin is easier to handle

I think Litecoin is a currency that is easier to handle and simplified to increase its attractiveness and reach a wider audience. I think Litecoin is faster transaction validation. I think that this is what constitutes the main argument of the project, a simplified mining process accessible from computers without great computing capacity. I think increased scalability on the network, with significantly reduced transaction fees and I think the possibility of using cryptocurrency as a means of payment on a daily basis. I think cryptocurrency remains little innovative, and many competitors claim the same objective I think that the technical improvements made to the Litecoin network are still small. I think Bitcoin is constantly improving, with, for example, the Lightning Network protocol trying to provide a solution to BTC's scalability issues, which could work against Litecoin. I think its similarities to Bitcoin create doubts about its growth and ability to function in the long term.



Pros
  • I think the transaction fees are significantly reduced
Cons
  • I think the technical improvements made to the Bitcoin network are still small

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