Is Litecoin The Future of Cryptocurrency?


All of the larger cryptos have different selling points. Litecoin’s case is compelling. Assuming that you have gotten on the crypto train of course.

By the way, the first Bitcoin futures contracts came online last night. To some degree this lends even more credibility to Bitcoin. But it likely will increase volatility for Bitcoin holders too. (As if BTC wasn’t volatile enough.)

(From Investopedia)

Litecoin was launched in the shadow of bitcoin, yet was inspired by the ‘King Coin’, particularly by its decentralized approach to currency. The founder of Litecoin, Charlie Lee, is a former Google employee and Director of Engineering at Coinbase, one of the largest exchanges and the first to list Litecoin alongside bitcoin and Ethereum. Though many see Litecoin as a bitcoin clone, it has technical differences that separate the two in the eyes of many. It is largely these differences that inform Litecoin’s price alongside the favorable image it maintains with traders and businesses alike…

…The most prominent characteristic of Litecoin is also one that gives it the most potential for disruption and inspires much confidence within the cryptocurrency community. As soon as Segregated Witness was released as a proposed blockchain upgrade to allow speedier off-chain transactions, Litecoin threw its full weight behind the proposal and was the first to integrate it. SegWit will allow Litecoin and others who adopt it to use the Lightning Network, which is nearing completion, empowering participants to exchange cryptocurrencies at virtually no cost.

Developers are quickly making headway on the Lightning Network, and it has recently passed almost all the quality assurance tests required to be released to the public. In a recent dry run, an alpha version was used to purchase coffee in Starbucks with no fees: a result hard to obtain with any other payment solution.

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