Litecoin- A New Cryptocurrency

The world has become digital. We are surrounded by binary coding i.e. 0 and 1. Even the currency now has become digital. After the Bitcoin and Ethereum, there is a brand new cryptocurrency in the market i.e. Litecoin.
Litecoin is a cryptocurrency which is a peer to peer internet currency that enables instant, near zero cost payments to anyone in yhe the world. It is basically an open source and global payment method which is fully decentralised which means that it is not controlled by any central authority.

Some features of the LITECOIN are:-
• It empowers the individuals to control their own finances
• It ensures faster transaction confirmation
• It has improved storage facilities
• It is an accepted medium of commerce due to its substantial industry support, trade volume and liquidity.
• Its blockchain platform allows higher transaction volume. It is a improved blockchain platform so an individual can make more transactions without a need to modify the software.
• Its new wallet encryption feature allows an individual to secure his wallet. Wallet encryption allows one to view the transactions but asks for a password before spending Litecoin. This thus protects the wallet from viruses and Torjans.
It was released under the MIT/X11 license. This made the software a transparent process which allows independent verification of coresponding source code.
The above listed features tell us that why Litecoin is better than bitcoin. Litecoin is a new currency which thus reinforces the fact that it has advanced technology as compared to Bitcoin.
According to you, which one is better?

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