Purpose of litecoin

[Kingking]

I think it's purpose is to support and help bitcoin and eth to lasts.

[Eben]

Litecoin purpose and aspects;
Trust in transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, free to hold.

[altcoingamer]

Litecoin used to have alot of usecases in China in 2017... is that still a development happening, or has Litecoin cooled off some since BTC announced lightning network?

[Bobcrypto]

I think it's purpose is to support and help bitcoin and eth to lasts.

I think litecoin was lunched to complement bitcoin short coming. Often referred to as the little brother of bitcoin, litecoin is a peer-to-peer cryptocurrency that has gained fairly widespread adoption since its inception in 2011. A form of digital money that utilizes a blockchain to easily maintain a public ledger of all transactions.
In addition, litecoin actually improve transaction speed, an average block mining speed in Litecoin is 2.5 mins when compared to bitcoin’s 10. 

[Khuntul]

I think that litecoin will replace bitcoin and eth, because now the bitcoin price is very low.

[jbc081475]

I think it's purpose is to support and help bitcoin and ethereum to last.It is still a development happening or has litecoin cooled off some since BTC announced lightning network.I believe that litecoin will replace bitcoin and ethereum someday.

[altery0518]

The purpose of litecoin is for trading and investing for long term and maybe someday it can be use also as payment in online shopping webs.

[kats]

the purpose of litcoin is same as all cryptocurrency which is to eliminate fiat

[Burdogs]

I think it's purpose is to support and help bitcoin and eth to lasts.

It's possible to support other cryptocurrency.

[andreanthree]

I assume litecoin became lunched to complement bitcoin short coming. Often called the little brother of bitcoin, litecoin is a peer-to-peer cryptocurrency that has gained pretty full-size adoption when you consider that its inception in 2011. A form of digital cash that utilizes a blockchain to without difficulty maintain a public ledger of all transactions.
In addition, litecoin virtually improve transaction speed, an average block mining speed in Litecoin is 2.Five minutes when in comparison to bitcoin’s 10.

[Kadal Mesir]

I think it's purpose is to support and help bitcoin and eth to lasts.

Yes , I agree mate. Litecoin is one of the potential altcoins. It will the top 3 at the coming future.

[papar]

 I can reasonably understand what the project is progressing towards and what the community's priorities are. With Litecoin I have not been able to get a clear answer. People seem to describe its differences over Bitcoin today rather than what the project is trying to accomplish. As Litecoin scales there are going to be engineering tradeoffs, and without a clear vision of what this project is trying to do or be I have no idea what decisions will be made.

[Galon]

Litecoin has a purpose, trust in inter-party transactions, freedom to pay, impossible forgery, fraud, no failure, no% fee-based transfer, free to hold.

[sawadikap758]

I think litecoin's goal is the same as other crypto in general, but I don't know for sure because there is no official info that says litecoin to support and help bitcoin and eth to survive

[marco]

Litecoin (LTC) or Ł  is a peer-to-peer software cryptocurrency and open source project released under the MIT / X11 license. Inspired by and technically almost identical to Bitcoin (BTC), litecoin creation and transfers are based on open source and unmanaged protocols. by central authority.

After Bitcoin, Ethereum, and Ripple, Litecoin is the fourth largest true cryptocurrency based on market capitalization .