- Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
I like that I can send a small amount with zero fee, and it gets confirmed quickly anyway. Within Litecoin Core it looks exactly the same as Bitcoin Core (obviously since it was just copied), so despite the 100 times lower value, 1 Litecoin (or even much less than that) reaches Medium Priority just as fast. That means a certain amount in dollars reaches Medium Priority 100 times faster, which makes a zero fee transaction possible.
And even if you pay a fee, it is much lower than Bitcoin. Bitcoin now requires a few dollarcents up to half a dollar if you want it to get confirmed fast. In my opinion this is a bad development for Bitcoin users, only caused by miners getting rich.
For Bitcoin, fees have gone
up since the Bitcoin value went up. Measured in dollars it went up even faster.
All in all I like Litecoin more than Bitcoin, if only it had the same number of users.
As a thought experiment: imagine Litecoin was the first cryptocurrency, and Bitcoin the second. I don't think Bitcoin would have survived the way Litecoin survived, simply because it's inferior.
what's going on with this pirce drop today ?