Advantages of Litecoin?

[MailGhost]

What are the advantages of Litecoin over bitcoin (or any other altcurrency)?

It's faster, but too fast?
more secure?
is acceptance and an economy emerging, like for btc?

Just some thoughts.. Interested in the forum opinions, thanks.

[Zoomer]

What are the advantages of Litecoin over bitcoin (or any other altcurrency)?

It's faster, but too fast?
more secure?
is acceptance and an economy emerging, like for btc?

Just some thoughts.. Interested in the forum opinions, thanks.

Faster is a really good one, it is more user friendly to buy smaller items it is by far the best alt to btc all these others are just wanna b's

[Cthulhu]

It's the biggest altcoin, second biggest market cap in cryptocurrencies, uses a different hashing algorithm, and I think that's it.

I don't see faster confirmations as factor with big weight, pretty sure there are a lot of alts with way faster confirmations and nobody cares about them...

Litecoin ecosystem also pretty good, it is traded in a lot of exchanges and has an active development.

[kelsey]

over most alts one of the very few not designed to make the original dev fiat, so pretty much as fair as they get.

over all alts, greater liquidity then any other in fact greater liquidity then all other alts combined, which in real world markets liquidity is of greater importance then price.


over bitcoin, its original dev is not anon, bitcoin's anon dev maybe worshiped around here but outside in the mainstream community an anon creator well, conveys less trust (whether that be real or imaginary especially if that anon dev holds a significant % of that coin).

[TinEye]

Big volume with high liquidity.

Its a slightly faster version of Bitcoin and that is all to it. It is going to keep dropping slowly and eventually die.

[XCASH]

It used to be resistant to mining with ASICs, but now you can buy specially designed ASICs to mine it with. That was its biggest advantage over bitcoin.

[picolo]

What are the advantages of Litecoin over bitcoin (or any other altcurrency)?

It's faster, but too fast?
more secure?
is acceptance and an economy emerging, like for btc?

Just some thoughts.. Interested in the forum opinions, thanks.

Faster is a really good one, it is more user friendly to buy smaller items it is by far the best alt to btc all these others are just wanna b's

Only confirmations are faster, not the transaction.

[kelsey]

Big volume with high liquidity.

Its a slightly faster version of Bitcoin and that is all to it. It is going to keep dropping slowly and eventually die.

no chance because us traders love it 

[Kienbui]

The most advantage of Litecoin is its popularity.

But its value still decreasing that makes its advantage unsustainable.

Litecoin needs innovative developers like Darkcoin to keep its value grow again.

[Ibian]

Faster confirmations don't matter. Given equal network strength, you need 4 litecoin confirmation to equal each bitcoin confirmation. Given the fact that the network strengths are not equal, you need considerably more. Someone else can run those numbers for chuckles.

[PolarPoint]

Litecoin used to be an intermediary currency between other new alts. Now people trade directly between bitcoin and alts. Litecoin's price has dropped so much, it has also lost its store of value appeal. I think the only aspect keeping it going is its market cap and user base.

[MailGhost]

over most alts one of the very few not designed to make the original dev fiat, so pretty much as fair as they get.

over all alts, greater liquidity then any other in fact greater liquidity then all other alts combined, which in real world markets liquidity is of greater importance then price.


over bitcoin, its original dev is not anon, bitcoin's anon dev maybe worshiped around here but outside in the mainstream community an anon creator well, conveys less trust (whether that be real or imaginary especially if that anon dev holds a significant % of that coin).

Interesting stuff, especailly about anonymity.
cheers!

[MailGhost]

A lot of good points raised..

I support Litecoin and hope it does not die out. It is a good alternative to BTC for cheaper items as someone said..

Kind of worried that it may die out though... looking at a historic price chart downwards, and a lack of mainstream adoption... unfortunately.

All the best!

[Rishblitz]

as already stated being faster is its most redeeming quality and that really good for an alt coin.

[jt byte]

Litecoin has developed user base and exchange base. Litecoin has developed strong network.  Litecoin is stronger than most think.

[s.mouse]

What are the advantages of Litecoin over bitcoin (or any other altcurrency)?

It's faster, but too fast?
more secure?
is acceptance and an economy emerging, like for btc?

Just some thoughts.. Interested in the forum opinions, thanks.

It's not really faster or any more secure. Sure the confirmations are faster but the transfer is, like bitcoin, instantaneous,  but quicker confirmations doesn't make it more secure. Also, litecoin just doesn't have the adoption that btc does so it's kind of pointless imo.

[One Six]

What are the advantages of Litecoin over bitcoin (or any other altcurrency)?

It's faster, but too fast?
more secure?
is acceptance and an economy emerging, like for btc?

Just some thoughts.. Interested in the forum opinions, thanks.

Its way faster than bitcoin. It is not popular yet. Litecoin founder is not interested in improvements except implementing side chain. There are many new alt-coins with rich features.

[Ibian]

What are the advantages of Litecoin over bitcoin (or any other altcurrency)?

It's faster, but too fast?
more secure?
is acceptance and an economy emerging, like for btc?

Just some thoughts.. Interested in the forum opinions, thanks.

Its way faster than bitcoin. It is not popular yet. Litecoin founder is not interested in improvements except implementing side chain. There are many new alt-coins with rich features.

False. The confirmations are faster but that's it. The network security is also much weaker.

[NattyLiteCoin]

False. The confirmations are faster but that's it. The network security is also much weaker.

Yes. It's much weaker than BTC but still has a strong mining community behind it.It's still secured by the second most hashing power relative to algorithm demands.


Only concern is that two giant pools make up greater than 50% of the network. BTC's distribution seems to be much more diversified.

[Shitstain]

False. The confirmations are faster but that's it. The network security is also much weaker.

Yes. It's much weaker than BTC but still has a strong mining community behind it.It's still secured by the second most hashing power relative to algorithm demands.


Only concern is that two giant pools make up greater than 50% of the network. BTC's distribution seems to be much more diversified.

That aint true either. Litecoins hashrate is super low compared to other coins like Devcoin, Ixcoin, Namecoin, and moree. Litecoin is the original shitcoin. The shitstain of cryptoland.