Thinking Crypto
@thinkingcrypto·193K subscribers·4.2K videos
Litecoin to Rise in 2018 - $1,000! HODL - The Dark Horse Cryptocurrency
Posted
December 1, 2017
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December 1, 2017
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9:52Now PlayingThis is not a video saying Litecoin (LTC) is better than Bitcoin (BTC) but rather they are starting to work well with each other and Litecoin will benefit greatly from Bitcoin. Litecoin was created By Charlie Lee in 2011 as a Bitcoin clone that he wanted to see become the silver to Bitcoin’s gold. If Bitcoin is going to be a store of value like gold, Litecoin will be an actual currency like fiat that we would use for transactions. Litecoin is faster than Bitcoin and has more supply, 84 million versus Bitcoin’s 21 million. It can handle higher volumes of transactions due to its code having faster block generation. This means a Litecoin transaction takes just 5 mins compared to Bitcoin’s 10 minutes. Litecoin’s growth, in terms of percentage, has actually outpaced that of Bitcoin. If you look at the performance of both digital currencies from 29 November 2016 until today, Bitcoin experienced gains of approximately 1406.17% compared to Litecoin’s 2541.08%. A lot of Litecoin’s thunder was stolen recently too by an increasing number of Bitcoin forks. In mid November an Atomic Swap was successfully completed between the Bitcoin and Litecoin networks. Atomic swaps allow for frictionless decentralized exchange between compatible networks.
This could allow you to swap your Bitcoin (Gold) for Litecoin (Fiat) effortlessly for a specific transactions and likewise the reverse!
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Disclaimer - Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.
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