Litecoin (LTC) - cryptocurrency review
Litecoin (LTC) - cryptocurrency review

Litecoin (LTC)

Rank: #3

Our Review
8
Real-world utility
10
Market Cap
10
Investability
decrptd review 9.3 / 10
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Litecoin Review

Litecoin is a yet another peer-to-peer cryptocurrency that enables ‘near-zero cost’ payments to anyone in the world. Whilst built on the same protocol as…

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Litecoin (LTC) – cryptocurrency review


Litecoin is a yet another peer-to-peer cryptocurrency that enables ‘near-zero cost’ payments to anyone in the world. Whilst built on the same protocol as Bitcoin, it differs insomuch as it uses a particular algorithm which prevents application-specific integrated circuit (ASIC) chips from mining coins (In Bitcoin mining hardware, ASICs were the next the next step of development after CPUs, GPUs and FPGAs).

In technology terms, Litecoin is a much improved version of Bitcoin. It allows for a greater number of transactions to be processed in a given time – in fact it’s reported to be up to 4 times faster than Bitcoin. This is important when you consider real-world utility and adoption of cryptocurrency technology by the mass-market.

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