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RE: Litecoin to be Main Payment Coin Soon ?

in #litecoin6 years ago

LTC is too slow to be payment coin. If you pay through Litpay you are actually paying with fiat, not with LTC. With LN is instant but BTC is instant also with LN.

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The difference that is positive for Litecoin is that it still happens on blockchain infrastructure. With LN there is (per current design at least) always the risk that a hub you rely on shuts down either for a short but important time period or for good. You also have to run your own node and lock up money to be able to even receive a payment.

Agree but LN technology is at early phase. At moment on chain transactions are easier and more secure but I think in future will be different...

to be honest the only options here in terms of speed long term are Ripple, Stellar and EOS. I'd say NANO (raiblocks) but clearly having some major issues with scaling. its not the year for LTC it will be the year of the LUMEN!

Centralized coins like XRP or XLM will never be adopted from real crypto community who fight against centralization. One company own 60% of XRP coins... EOS goal is not to be payment option...

cannot wait :)

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