With all the future volatility and speculation of the next coming months for bitcoin what could this mean for litecoin?
** What are the benefits of Litecoin over Bitcoin?**
While bitcoin halves its block reward roughly every quarter million blocks Litecoin only Halves the block reward every Million blocks and to add to this Litecoin also has larger current blocks than bitcoin which could mean better long term usability and stability over Bitcoin.
incentives for miners?
Litecoin uses scrypt algorithm as opposed to SHA256 which makes it much more Miner friendly as SHA256 has an oversaturation of miners aswell as high difficulty. Litecoin also produces blocks 4 times more often!, so this translates to much more consistent and evenly distributed rewards for miners.
Should you invest?
Litecoin is currently about $40 on Poloniex exchange and is greatly undervalued as well as huge potential!
Litecoin is up 1,000% since about 8 months ago and is growing exponentially! Great Low risk High reward investment!
let me know what you think of this article by commenting and let me know if you would invest or not.
