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CuriousWon on Litecoin -

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gfp927z   Tuesday, 09/12/17 09:30:25 PM
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CuriousWon on Litecoin -


>>> Reasons why I believe in Litecoin:

1. Strong, united development community.

As you've seen with Bitcoin’s recent forks, having disagreement among the developers can lead to difficult situations. The first hard fork with bitcoin cash was one thing, the next one coming up is looking even more dire. Litecoin's developers are ACTIVE (unlike a lot of cryptos which the devs abandoned), and have a solid roadmap, looking to add tons of new features and functionality. Check out the roadmap here: https://litecoincore.org

2. Performance!

Litecoin processes blocks 4 times faster than bitcoin (every 2.5 mins vs every 10). I've experience this first hand when performing transactions, with Litecoin taking signifanctly less time to clear than Bitcoin or Ether.

3. Scalability.

They implemented SegWit with no political doldrums, the network scalability is much less prone to bottlenecks like Bitcoin is in its current state. It also leverages scrypt algorithm eather than SHA-256, which makes mining (and thus, the entite network) more scalable.

4. Acceptance

5. Again, development, two big things being:

A. Lightning Network

Litecoin may be the first to implement the lightning network, allowing for instant payments, even greater scalability, lower fees, and even "atomic swaps" (trading once currency for another that uses the same fryptographic hash algorithm).

B. Smart Contracts

Ethereum? How about Litecoin! The developers are working on adding anonymous smart contract support as well. It may be too late for Litecoin to grab a significant portion of this market, but who knows? Regardless, it's additional functionality which I feel, when paired with the other features and benefits of Litecoin, will add value and become leveraged to some extent.

Litecoin has also generally been, up until about the last 2 weeks, more stable than others, and better able to hold on to gains. The explosive growth end of August has changed this, but we are still hovering ar 65-70, much higher than the 45 before the run.

For the reasons above, I think the tech and promise of Litecoin is much more favorable than other cryptocurrencies. I also think the ambitious roadmap will only reinforce Litecoins favorability, paving the way for more growth, both in price and in function.


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