Proof of Work (LTC) gives Litecoin. The security of Litecoin Network is very strong with a trillion dollars secured over more than eleven years. The Litecoin’s PoW blockchain is very huge that the cost of the computing power needed to attack it would dwarf any amount earned by the attack. Attacking Litecoin Network is Unsustainable.
The average Litecoin Transaction fee is less than a penny. Some of them consider LTC to be a secondary investment after a larger position in BTC. However, the weird thing about LTC holders is that there is never a standalone LTC talk. The LTC is always compared to Bitcoin.
Litecoin halving is coming up. However, the community does not seem to be excited by the Litecoin talks, which try to glorify LTC. Many feel this is a fake pump or death pump. Some call it as a bullish trap.
The continual focus on price action by Litecoin (LTC) investors is doing more harm than good – it is just making investors anxious. There is lot of noise. The asset is working as it should. Even if the halving hype does not work – being PoW, LTC has the most hash power and by rule of Proof of Work (PoW) a very valid chain.
“84,000,000 Max Supply, 2.5-minute block intervals, Halving event every 4 years, become scarcer over time, decrease in supply, demand rises.”
Investors forgot the logic of discretionary investing. The hypes and greed for profit is districting people within safe investment patterns. Recent events of scams and bankruptcy of big players has only created a mess. There is no denying about the 100% uptime of LTC. The asset is battle-tested.
Litecoin in the past month has been integrated into: 1. Money Gram. 2. Google Cloud. 3. Blockbank.
Users will be able to build their own token on the Litecoin Network. The possibilities are endless as users will be able to create and manage tokens on the network.
With 11 years of flawless activity, Litecoin (LTC) is proving to be able to work like sound money and the most fungible currency in existence. Several good holders choose Litecoin.
The common belief is that “When you’re done speculating Litecoin will be here for you to use as a digital currency.”
The good thing is Litecoin is in good books. It did not get into any scandals. In a toxic crypto climate Litecoin seems to be the good boy in the pack.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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