Litecoin, so far seems to be steady. I've been hearing some speculation that litecoin could be the future Bitcoin. but is it true?
Bitcoin and litecoin are similar in a few ways, but there are some things that separate the two. First, Litecoin has a lifetime cap of 84 million coins, which is four times higher than the total number of Bitcoins that can be mined. This means that as demand increases, there will be a larger supply of Litecoins to meet it, at least initially. Which could be a great thing.
Another possibilty of why litecoin can be the future bitcoin is the block generation time. First, bitcoin has a block generation time of 10 minutes, while litecoin has a generation time of 2 and a half minutes. And this ensures that any transactions envolved with litecoin will be much faster than bitcoin, which is way more practical. (which could be a life saver)
Also, SegWit is already active on the litecoin network...So keep that in mind as well.
Now, litecoin is more practical than bitcoin in many ways, like I just listed, but another way its more practical is it is easier to mine....but is it going to be the future bitcoin? Thats the question I have been asking myself for a while...So far litecoin has been steady in price...but we'll see what happens.
Feel free to comment down below and tell me where you think litecoin will go in the near future. thanks for reading my post, and you are the best! Best regards,
