When you check out their Twitter, Reddit, and forum they all claim that LTC is the new big thing since they already implemented SegWit and will be implementing Lightning Network. But of course, the people on these channels are most likely Litecoin enthusiasts so I was interested in the opinion of you guys.
the correct term for majority of those who cheer for an altcoin is "bag-holder"
you can see examples of them cheering for XRP these days, one of them are in this topic too!
Litecoin:
- Implemented Segwit (had a major price increase due to this)6
it was mostly the hype of SegWit + the good timing, it was the time of the pumps!
i should add that i don't mean it was all hype, SegWit activation was a big thing too. it fixed the malleability issue and also it is an active testing ground in real time for bitcoin now.
- Will be implementing Lightning Network (soon). I can't find an exact date on this if someone knows it, please share it!
i personally don't like LN. specially on LTC
i don't like it because it seems to bring some kind of centralization and also it is considered off-chain. and it also has additional fees.
i don't like it on LTC because it really didn't need it! the transactions are already fast with 2-2.5 min block times.
- Just hired 2 full-time developers, have reached it quite far without any full-time developers so I am curious what their effect will be.
hmm. i did not know this!
who are they?
People all claim that Litecoin is VERY underrated and should increase in price. Any opinions on this? I think that if they bring out lightning network it is bound to happen.
it is hard to say. LTC doesn't really offer much, apart from being a little faster version of bitcoin and being fast does not come cheap.
but it has SegWit so that is something.
if your questions are about price then that is a whole different story. it can and it possibly will rise up a lot in the future because of all this. and this coin actually has some usage as a real currency and that is a big perk in my opinion.
