Cryptocurrency

Litecoin is number 2 behind Bitcoin?

Litecoin is currently approximately $ 4 billion of the 6. largest Cryptocurrency according to market capitalization, and thus a whole piece behind Bitcoin. Despite this large distance, the two Coins have a lot in common, not least because Litecoin in 2011, emerged from a Hard Fork of BTC. Despite this strong brother Litecoin in the recent past, much of the criticism, for example, due to a lack of developers. In a Podcast Interview John Kim, Chief Evangelist of the Litecoin Foundation is now very optimistic about the digital silver and draws a category, according to the Litecoin to BTC even at number 2 is.

John Kim sees Litecoin in Conjunction with Bitcoin

In the Podcast “What is Crypto” says John Kim, in many Places, the Use of Litecoin. For example, the Coin should allow four times as fast transactions and lower fees. Very much is not for him, that LTC depends only on historically strong with its bigger brother, Bitcoin. According to him, the Litecoin Foundation helps with your efforts also, the digital Gold at the time of Adoption:

But every Company we have ever done, to accept Litecoin is a Bitcoin automatically. Our efforts are for Litecoin, but also Bitcoin.

Kim adds that LTC Bitcoin, both in theory and in practice very well. So most of the crypto looks the currencies more as a Store of Value and not as a Medium of Exchange. In a world in which the US Dollar is every day less and less value, Litecoin and co. shown in the last few years, that they had a much better performance.The best and safest stock market choose for you to opt for the right provider is not always easy. Therefore, we recommend that you take a look at our Bitcoin brokers & exchanges to throw a comparison. Trading on the safest and best exchanges in the world! For Comparison

Critics ignore the stability of LTC

Of course, in the past few weeks, aufkochende criticism of Litecoin came up in the Interview, due to less developer and therefore, a lean technical development. John Kim rejects, however, any form of criticism, and stresses that LTC behind Bitcoin 2. most liquid crypto-currency at all. It would also be ignored by the critics that LTC operating since 2011, “error-free”:

It is not only crazy FUD [Fear, Uncertainty and Doubt], it is also something to take to and to try to make click-Bait. But at the end of the day, the reality of the reliability of Litecoin is for eight years to Run, the Only thing they [the critics] do not recognize and understand.

What do you think about Litecoin? You can see the digital silver rather critical or do you think LTC clearly has his permission? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. [Image Source: Shutterstock]

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.