Greetings fellow steemers!
You are probably wondering, what is Litecoin, how does it do and, most importantly,should Invest in it?
First of all, Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Litecoin is one of the biggest competitors to Bitcoin,it is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances.
What does Litecoin do?
Litecoin is intended to be the replacement of our current world currencies. Think of anything you can do with money and litecoin will eventually be able to do that as well with adoption.
Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency,the purpose of these crypto currencies is to eventually move away from government systems like banks where everyone can manage their own money.
Should I invest in Litecoin?
Here comes the million dollar question, will Litecoin succeed, or will it crash?
Will you make money with it , or will you helplessly wait while your hard-earned money goes to the trash?
Personally I wouldn't trust the average consumer with their own money as they would probably lose their private key and lose everything. We have a long way to go to make crypto very user friendly.
However, many speculators are investing in Litecoin and have seen great benefits.If you have trust in this innovative system go for it, you may be right and see you money multiply by 100, but it is kind of a gamble right now and I would invest cautiously in this cryptocurrency.
Anyway, Litecoin can either lose all its value in the next few years or become the future of cryptocurrencies and the future of the worlds economic system.
At the end of the day speculate with your head but invest with your heart and you will be surprised how much you can make, if you have trust in Litecoin, go for it, if not , you can always find another coin that suits your interests better.
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