If you’re one of the few people who prefer not to follow the masses and prefers dancing to the tune you choose yourself, you’re doing your own research. We are happy and grateful that you chose our article to help you make everything fall into place. So, here is the information about Litecoin for those of you who refuse to invest in Bitcoin just because everyone does so.
It doesn’t mean that you cannot change your mind and will not buy some Bitcoins. In such a case, we recommend that you check out the best BTC OTC broker – thejingstock.com. If you need a safe and secure service with incredibly low commissions – this platform is exactly what you’re looking for. By the way, we are all in awe of their user-friendly design.
So here is why Altcoin may be a credible option:
Litecoin belongs to you. And us. And the whole world
If you are a fan of the fact that Bitcoin is not a centralized currency – don’t worry; this is the case with Litecoin too. Unlike many other cryptocurrencies (Ripple, NEO, Cardano, IOTA, NEM), this one is decentralized. It is basically a peer-to-peer system, and no third parties can get in the way of your trading – we are talking about banks and other authorities. However, please keep in mind that though this feature has its merits, intermediary fees may be charged – and it’s understandable. They have to make sure that they have eliminated the risks of being manipulated.
But the transaction fees are low
One of the reasons more and more people start working with Litecoin – people are prone to saving money, and this cryptocurrency provides us with all the opportunities to do so. While the transaction fees of other cryptocurrencies (let’s not point fingers) leave so much to be desired, Litecoin is doing the best for us to have the best experience (and to attract as many new adopters as they can).
If we compare Bitcoin to Litecoin, one of the perks of the latter is the number of coins it has. With 84 million coins circulating (moreover, no more coins can be mined anymore), the inflation likelihood is lower than low. The same cannot be said about Bitcoin. What is more, even though the risk of inflation is nullified, there is ample room for the investors to run wild.
Litecoin vs Bitcoin scalability
Another reason to choose Litecoin over Bitcoin is the fact that the latter is scalable. While 56 transactions can be processed per second when it comes to Litecoin, it’s cousin is able to carry out 7 transactions per second, tops.
Need for Speed
Litecoin is, like, superfast. 2.5 minutes of your time is all you need to make sure that your transaction, your operation is processed. Wanna know how much time Bitcoin takes to do such a thing? 10 minutes. Yes, time is not the most important factor in the sphere of cryptocurrency. Or is it? If you think about it, sometimes every little second count – and we have to either throw caution to the wind or not act on this opportunity at all.
To each their own. We hope we have made it a little bit more clear for you and helped you decide if Litecoin is an option for you or not. At least there’s one thing we know for sure – the world is incessantly changing. If the tempest raging inside tells you it’s time to wake up, change something in your life and start making money off cryptocurrency – this is the sign you’ve been waiting for. And don’t forget that the best website to start trading with is The Jing Stock – at least, we haven’t seen anything better.