What is Litecoin (LTC)?
Litecoin is an open source peer to peer crypto currency that enables instant payments at almost zero fee’s for users. Inspired by and nearly identical to the technology the bitcoin network, the decentralized network acts as a complimentary technology to Bitcoin. The litecoin crypto currency has proven to be a popular and useful medium of commerce based on the lightning networks relationship to bitcoin and assistance with increasing the speed and amount of transactions that can be confirmed on both blockchains.
What value do buyers of Litecoin (LTC) see in it?
Litecoin is seen as a “complimentary” altcoin to the Bitcoin Network, rather than a competitor. It is an early “fork” of bitcoin, that assisted with the Segwit adoption to help speed up transaction times for both crypto currencies. It is mentioned by many as the “silver” to bitcoins “gold.”
What do critics of Litecoin say?
There is debate among a few that the creator if Litecoin slowly sold all of his holdings in 2017 to be impartial about the price of litecoin. This caused a huge drop in the price of litecoin, many claim it makes the coin “truly decentralized” to not have the founder holding a crypto and profiting from the success of the project.