What is Litecoin? Is it ‘lite’ Bitcoin?

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2018-01-07
Photo: Litecoin
What is Litecoin? Is it ‘lite’ Bitcoin?

I would call this cryptocurrency a veteran, and perhaps it is inferior to the newer altcoins described above. But Litecoin is a must have. Like Dash.

“Even with LN, Bitcoin will not be able to meet the needs of all people in the world. By my calculations, with blocks of 1Mb in the bitcoin network, LN and SegWit can serve 500 million users. The LN nodes will charge commissions for transactions passing through them, which will be correlated with commissions in the bitcoin network. Therefore LN-transactions in bitcoin will be more expensive than in Litecoin “, – said one of the biggest professionals in Bitcoin sphere.

Another crypto enthusiast, Charlie Lee, calls atomic transactions via the Lightning Network: two users will be able to instantly and securely exchange BTC to LTC. This, in turn, makes possible the emergence of efficient decentralized exchanges, and also makes it possible to pay LTC even in those terminals where merchants accept only BTC. In fact, this is a decentralized analog of ShapeShift, he says.

The main point is that if Bitcoin has a mess or a bad period, most of crypto enthusiasts fix their income in Lightcoin.

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,036.53
  • ethereumEthereum$163.93
  • rippleXRP$0.324307
  • tetherTether$1.01
  • eosEOS$5.29
  • stellarStellar$0.113425
  • litecoinLitecoin$78.08
  • cardanoCardano$0.081592
  • tronTRON$0.026008
  • moneroMonero$67.13
  • iotaIOTA$0.313871
  • nemNEM$0.063775
  • dashDash$119.82
  • neoNEO$11.03
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