May 17, 2017 04:36 AM
(This post was last modified: May 17, 2017 04:37 AM by Cylow.)
Now this might unrealistic at first thought but let's look at the reasons.
1. Faster transactions
Let's be honest here, how many times have you waited many hours and even days for a bitcoin transaction to confirm. Litecoin transactions take an estimated 2.5 minutes. If a big company was to make transactions using a cryptocurrency, would it use a slow coin that takes hours to confirm making them lose a lot of time waiting thus losing money or would they use a much much faster and dependable coin?
2. Bitcoin is getting old
The technology of litecoin is new and advanced. Bitcoin was the first crypto coin when the technology was very new and it was experimental. Litecoin, launched in 2011, is much more advanced and gets updated with new technology more frequently. Plus, Litecoin is open-source.
3. SegWit
Around a week ago, Litecoin enabled SegWit, which opens up more doors for innovation. This continues to be a weak point as it's very unlikely for Bitcoin to enable SegWit.
What LTC currently misses is exposure.
1. Faster transactions
Let's be honest here, how many times have you waited many hours and even days for a bitcoin transaction to confirm. Litecoin transactions take an estimated 2.5 minutes. If a big company was to make transactions using a cryptocurrency, would it use a slow coin that takes hours to confirm making them lose a lot of time waiting thus losing money or would they use a much much faster and dependable coin?
2. Bitcoin is getting old
The technology of litecoin is new and advanced. Bitcoin was the first crypto coin when the technology was very new and it was experimental. Litecoin, launched in 2011, is much more advanced and gets updated with new technology more frequently. Plus, Litecoin is open-source.
3. SegWit
Around a week ago, Litecoin enabled SegWit, which opens up more doors for innovation. This continues to be a weak point as it's very unlikely for Bitcoin to enable SegWit.
What LTC currently misses is exposure.


