In today's article ,we'll be talking about litecoin and three reasons that make litecoin better
than Bitcoin, and even I want to talk about what makes it better than its variants
At the end so we can start just give you a quick overview of what like coin is
like point is a peer-to-peer decentralized currency initiated in 2011 by this guy here named
Charlie Lee now he does not control like coin he does not own like coin
he's just a guy who created like corn and he does work
full-time on developing for the network okay so what makes like one better you
may ask why should I care and why should I even worry so let's get started first
off cheaper transaction fees that is the number one thing that makes like coin
better whereas with Bitcoin you can pay anywhere between fifteen fifty I've
heard people say they paid $100 in transaction fees to send their bitcoins
from one place to another where the flight coin transaction fees
are less than one cent okay right now it's actually 0.6 cents if you're
sending one dollar or a million dollars you're gonna be sending for less than a
penny okay and hypothetically speaking even if like when were to reach a
thousand dollars per coin the transaction fees would still be cheaper
they would be at around thirty cents okay
reason number two litecoin is much faster than Bitcoin whereas Bitcoin you
can be waiting hours even days for your bitcoins to come in like coins are
confirmed within minutes also like coin can handle more volume than the Bitcoin
network when segregative witness got implemented and everything it made like
coin to the point to where it can handle up to eight times what bitcoin can
currently do so that's pretty much it those are three reasons why like coin is
better than Bitcoin my court is an exact clone if you will is a fork of the
Bitcoin but it has much needed improvements as better security
and it has a solid foundation so that's pretty much what like what is and what
makes it different than Bitcoin another thing that makes litecoin different than
each cerium is the fact that litecoin has a hard cap limit whereas with
aetherium they can be printed to infinity and beyond there's no limit to
how ever many aetherium will ever be produced
litecoin the limit is 84 million so once
like corn reaches 84 million there won't
be any more new like coins ever
generated !
