Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: rajput on May 07, 2021, 08:54:57 AM
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INNOVATION
IS LITECOIN A GOOD INVESTMENT? WHY HATERS MAY BE WRONG ABOUT THE CONTROVERSIAL CRYPTOCURRENCY
"THE BITCOIN BLOCKCHAIN IS CONGESTED."
— Litecoin founder Charlie Lee
Crypto Currency Trading Techniques. Charts analytics printed on tracing paper.
Studio shot of a Bitcoin virtual currency placed on printed trade charts with custom graphic design. Moscow, Russia - April 10, 2019
Getty
JACK DELAHUNTY
5.1.2021 12:00 PM
USHERED INTO EXISTENCE BY GOOGLE ENGINEER CHARLIE LEE ON OCTOBER 13, 2011, LITECOIN IS THE 10TH LARGEST CRYPTOCURRENCY BY MARKET CAPITALIZATION TODAY.
Litecoin coin is an "OG" crypto. Aside from Bitcoin, no other coin has stayed in the top ten longer. BTC and LTC have held places in the charts for 410 and 409 weeks, respectively (other top performers include XRP at 396 weeks and ETH at 291).
It was created following a source code "fork" of the Bitcoin Core blockchain (a fork is when a blockchain diverges into two separate paths, creating two distinct coins). Litecoin’s biggest differences from Bitcoin include:
Lower transaction fees
A different hashing algorithm
A decreased block generation time
An increased maximum cap of coins
Don’t be deterred! We'll get into the specifics of these differences below and also have a look at how these factors contributed to Litecoin's success as a more "spendable" cryptocurrency. You may have heard Bitcoin described as “digital gold,” and following that line of thinking, Litecoin could be considered “digital silver.” But the cryptocurrency’s history isn’t as spotless as you might think.
In an April 26 interview with CNBC’s Worldwide Exchange, Lee discussed Litecoin, comparing and contrasting its attributes with those of Bitcoin. Although Lee is something of a polarizing entity in the cryptosphere, it’s worth hearing what he has to say about the cryptocurrency he invented. Let’s dive in.
CRYPTO-SAVVY is an occasional series from Inverse that explains the world of cryptocurrency and where it’s going next.
LITECOIN VS
info. https://www.google.com/amp/s/www.inverse.com/innovation/is-litecoin-a-good-investment-bitcoin-future/amp