What is the future of Litecoin?
With all the future volatility and speculation of the next coming months for bitcoin what could this mean for litecoin?
** What are the benefits of Litecoin over Bitcoin?**
While bitcoin halves its block reward roughly every quarter million blocks Litecoin only Halves the block reward every Million blocks and to add to this Litecoin also has larger current blocks than bitcoin which could mean better long term usability and stability over Bitcoin.
incentives for miners?
Litecoin uses scrypt algorithm as opposed to SHA256 which makes it much more Miner friendly as SHA256 has an oversaturation of miners aswell as high difficulty. Litecoin also produces blocks 4 times more often!, so this translates to much more consistent and evenly distributed rewards for miners.
Should you invest?
Litecoin is currently about $40 on Poloniex exchange and is greatly undervalued as well as huge potential!
Litecoin is up 1,000% since about 8 months ago and is growing exponentially! Great Low risk High reward investment!
let me know what you think of this article by commenting and let me know if you would invest or not.
Litecoin has been undervalued and stayed undervalued for a long time. Unlike ethereum who just came an had a fast bullish market, litecoin has been around. Its test of time alone has value and i think it will be a good investment. Now more hands are working on it to develop it more so i think we should see a significant chages which will lead to a bullish market
Invested and mining it :D
It's under $0.02 per coin right now... So I say yes. Who knows a few bucks could turn into a few thousand... Buy now or you'll regret it later
Good points in this blog. Interesting to see I'm not the only one that is thinking about this. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. We do need more indept investment analysis. I found this great website: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. Check: https://www.coincheckup.com/coins/Litecoin#analysis To check Litecoin Investment research report.