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Litecoin (LTC)

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Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. Charlie Lee, a MIT graduate and former Google engineer, is Litecoin's creator. Litecoin is based on an open source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoins in aspects like faster block generation rate and use of scrypt as a proof of work scheme.


Litecoin (LTC) Pros | 6

Atomic swaps with the bitcoin network means it is possible to convert LTC and BTC directly within the blockchains, without centralized intermediaries

Agree | 6
Disagree | 1
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Faster and almost zero transaction fee compared to Bitcoin. Mining is easier on Litecoin since it uses a new Proof of Work algorithm than bitcoin.

Agree | 7
Disagree | 2
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One of the first altcoins, and an improvement to bitcoin's algorithms, allowing more secure transactions, with faster processing.

Agree | 5
Disagree | 1
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has the flexibility to implement technical improvements such as SegWit and the lightning network.

Agree | 4
Disagree | 1
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Due to smaller and more manageable comunity, upgrades are easier to implement, so it serves as a testing ground for future bitcoin updates, which drives demand.

Agree | 1
Disagree | 0
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Litecoin (LTC) Cons | 5

Since Segwit has recently been included in Bitcoin, the advantages of Litecoin over Bitcoin are reduced.

Agree | 8
Disagree | 0
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When there is lightning there is no reason to use LTC

Agree | 4
Disagree | 1
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Essentially does nothing that much different from Bitcoin

Agree | 9
Disagree | 6
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rich kids gpus only

Agree | 2
Disagree | 1
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The most uninspired coin ever. No privacy, no staking, no masternodes. Nothing. Just send and receive.

Agree | 2
Disagree | 2
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