Litecoin is another digital currency that investors would be wise to consider. Here are some reasons why Litecoin may prove to be a better investment than Bitcoin in the future.
Like Bitcoin, But Improved
Litecoin is often compared to Bitcoin, and for good reason: the two digital currencies are closely related, with Litecoin having been heavily influenced by its older peer when it was developed in 2011. Both share a deflationary nature, with the supply set to taper in the next few years.
However, there are important differences 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.
Quicker Block Generation
Another way that Litecoin may have improved upon Bitcoin is in regard to its block generation time. Litecoin has a time of 2.5 minutes, compared with 10 minutes for Bitcoin. In practical terms, this means that transactions involving Litecoin will be confirmed four times faster than those for Bitcoin, according to Seeking Alpha's Melwin Phillip.
Phillip believes that Litecoin could be a useful medium of exchange for small transactions in particular, as the fees will likely be substantially lower than those for Bitcoin. For investment purposes, this means that users will spend less money paying to buy or sell Litecoin than they would Bitcoin. (See also: Is the 'Bitcoin War' Imminent?)
Read more: Could Litecoin Be a Better Investment Than Bitcoin? | Investopedia http://www.investopedia.com/news/could-litecoin-be-better-investment-bitcoin/#ixzz4tmAX3sna
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