Cryptocurrency in focus "LITECOIN"
Litecoin was actually created by Charly Lee in 2011, and it was designed to be a peer to peer Crypto-currency and to possess some similarities with bitcoin, although Charly Lee's intention was to solve some preceding issues like transactions time, fees and concentrated mining cores, and as a result it was even announced to be a lite version of bitcoin.
Litecoin differs from the bitcoin in terms of hashing algorithm used, and also uses the memory intensive prove of work mining algorithm, and the script allow hardware such as GPU to mine it coins as well as prioritizing speed. It also has proven faster transaction time, confirmation time and improved storage efficiency.
As an open source crypto-currency, Litecoin is a digital assets that aims to be a payment methods for merchants and spenders offering instant transaction confirmations as well as secure storage, as well as also supports blockcard and can also be used to make purchases wherever visa -cards are accepted. Litecoin native token is known as LTC.
There are three major things Litecoin brought to the table which are, faster transaction time, cheaper transaction fees as well as more Decentralized procedures, and as a result Litecoin became the first Cryptocurrency to adopt the lightning network, and this was first performed when the smallest amount of Litecoin was transferred from Zurich in Germany to San Francisco in just one second, amazing right, and the Litecoin Network can process 54 transactions per second, which is quite incredible. The Litecoin is regarded to be more Decentralized than Bitcoin because of its algorithm known as "SCRYPT", and as Bitcoin is generally regarded as digital gold, Litecoin is regarded as digital Silver.
In Conclusion
Owning one of these Token will only make the price rise up the chat which is also similar to that of bitcoin and other counterparts. though it's one of the oldest cryptocurrency on the block and its majorly designed for cheap and fast payment)
Hello @victorevan,
Thank you for participating in the 1st Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 3/10 rating, according to the following scale:
My review :
An article with weak content due to its lack of several aspects, the absence of an analytical and critical dimension of irrelevant ideas. You should also pay attention to the look of the article because it is important to the reader.
Thanks again for your effort, and we look forward to reading your next good work.
Sincerely,@kouba01