benchmark litecoin

Litecoin Benchmark 100000 is the maximum score

trust (Max 50000 points)

marketshare

This crypto asset aims to be a world currency. Points rewarded: (8000/10000)

Mainly aiming to be a world currency.

partners

I rated the partnerships of this crypto asset as 8 out of 10! Points rewarded: (6000/7500)
Not as many partners as BTC. source

transparancy

This crypto asset is transparant. Points rewarded: (7500/7500)
Like Bitcoin, Litecoin is open source and it is clear what the goal is of Litecoin, there seem to be no mystery around LTC as to questions that remain unanswered.

developers

I gave the developers 10 out of 10! Points rewarded: (7500/7500)
source. Although Litecoin is less active then Bitcoin in terms of development, there is a lot of crossover in technology as well, so it is not easy to grade the different teams.
The budget for developers is around 200k$ a year, which doesn't seem much versus some of the ICO coins that have much more money available for development.
source

legality

This crypto asset is seen as a store of value, like cash. Points rewarded: (7500/7500)
source Unlikely to be considered a security in it's current state.

first mover

This crypto asset was not first in, with it's idea. Points rewarded: (0/2500)
Bitcoin was first.

years active

This crypto asset started 7 years ago! Points rewarded: (1944/2500)
no elaboration required

competitors

The top 5 competitors of this crypto asset are: BTC/ETH/BCH/ZEC/BCN

technical (Max 25000 points)

decentralised

I rated the decentralisation of this crypto asset as 10 out of 10! Points rewarded: (6250/6250)
In terms of a network of nodes that keep track of the state of the ledger Litecoin is decentralised.
As per the Nakamoto Coefficient decentralization involves more than just looking at how the network is distributed.
Litecoin is opensource so the development is decentralized however at the moment Charlie Lee still has a lot of influence over the future of Litecoin. Comparing to BTC that has no specific 'leader', Litecoin is not fully decentralised in that respect.
In terms of mining it is more decentralised than Bitcoin as it is easier to mine, so more people can participate in mining, versus Bitcoin that has the issue of mining becoming to expensive unless you live in a country with low electricity cost.

future proof

This crypto asset requires a lot of upgrades to be future proof. Points rewarded: (0/6250)
Although LTC is faster then Bitcoin has shorter blocktimes, transaction times, it can handle 56 tx per second.
If it wants to become a world currency it will have to be updated to be furture proof.

governance

This crypto uses Proof of Work(POW). Points rewarded: (5000/5000)
POW sha256 SCRYPT source

uniqueness

I give this crypto asset a uniqueness rating of 6 out of 10! Points rewarded: (2250/3750)
A crypto currency of which there now are many around.

working product

This crypto has a working product. Points rewarded: (2500/2500)
Similar to Bitcoin, Litecoin has a working product that can be used as a decentralized crypto currency.

eco friendly

This crypto asset is not environmentally friendly. Points rewarded: (0/1250)
Although considered more environmentally friendly, litecoin is still being mined by electricity and perhaps because of the SCRYPT algorithm being used
for LTC it is more environmetally friendly, but in the end if LTC was to become a world currency, it will still be environmentally unfriendly versus other solutions that don't incoroporate mining.

properties (Max 25000 points)

fees

This crypto asset has low fees. More than 0.01$ but less than 0.25$ per transaction. Points rewarded: (5625/7500)
source Around 0.04 dollar cent in the last month.

max trans per sec

This crypto asset can handle less than 100 transactions per second. Points rewarded: (0/6250)
Around 56 tx per second: source.

transaction time

This crypto asset has a high transaction time. More than 5 minutes less than 15 minutes. Points rewarded: (1250/5000)
The block confirmation time is around 2.5 minutes. source. Although for smaller transactions maybe 1 or 2 confirmations is enough, I am comparing all crypto assets on the basis of a full secure transaction (less than 1% risk). Which means at least 6 confirmations are required. Explanation on how security is connected to confirmations is explained in one of the comments here.

fungible

This crypto asset is not fungible. Points rewarded: (0/3750)
Again as long as LTC is not anonymous it will be easier for third parties to connect a history to a crypto asset.
Meaning that one LTC could have a different value to another LTC due to the LTC being tainted (bad history)

traceable

This crypto asset is very easy to trace. Points rewarded: (0/1250)
Confidential transactions (CT) could both be implented on BTC and Litecoin in the future. For now LTC is easily traceable.

total trans per day

This crypto asset has more than 10k but less than 100k transactions per day. Points rewarded: (625/1250)
source. 23000 transactions per day

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