Investing in crypto currencies can seem a little daunting due to the escalating prices of the bitcoin and volitility of the market.
I think of lite coin as the stable growth coin that has weathered out the storm whilst people are heading for the bit coin fork spiking the price.
With more interest coming into the market lite coin looks an attractive investment as the trends have stabilised the currency. Transaction costs are cheaper and follows the same infrastructure as the bit coin.
The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes, which its developers claim allows for faster transaction confirmation.
Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
Invest what you could potentially afford to lose
