In case if you are planning to become wealthy by investing in Bitcoin and somehow you found that to buy merely a single Bitcoin will cost you around $11000. You still keen to invest in it but fall short on your funds. Worry not, as there is another cryptocurrency available apart from Bitcoin with the same features and a great future has been expected by the trend shown by it, yes, this is known as “Litecoin.” Thus, this may be the one way you might be thinking on to become wealthy.
Just like the small kid, this Litecoin was being waited and watching behind the curtains at his big brother Bitcoin, patiently waiting for its time to show its capabilities or the bidding time.
Therefore, bidding on Litcoin could be a better bet as compared to Bitcoin. In spite of Bitcoin’s publicity throughout the world via press releases and various media since years, this is the time to invest in Litecoin instead by watching its trend which has grown twice as much as rising over 4000%.
Charlie Lee was the creator of Litecoin in the year 2011 who happened to be an ex-Google employee and at present is working for Coinbase, which is the most significant cryptocurrency or digital currency exchange in the world located and headquartered in San Francisco, California.
There a few other benefits to own Litcoin instead of Bitcoin now:
A). Here the main objective of Litcoin is to produce a “Block” every 2 and a half minutes whereas it takes 10 minutes for a “Block” in case of Bitcoin. With Litcoin having bigger “Blocks” producing more numbers of transactions compare to Bitcoin “Blocks”.
B). This also indicates the transaction involved in Litecoin is much faster as compared to Bitcoin, as per the developers.
C). It is also to be said that Litecoin is the first of its kind to use significant currencies to segregate witness, a protocol by which Bitcoin is mined and allowing the transaction to happen in a lightning fast speed. Hence making it quicker and cost-effective in this way too as compared to Bitcoin.
In case, if these all makes no sense to you all, just go and make some investments on cryptocurrencies as these things are merely a thing to notice when it comes to making money. It is like we enjoy cheese but how many of us peep into cheese making factory to understand the procedure.
If you are planning to get into the market, just to let you people know, it is an unregulated market, which leaves doubt always on it along with the chance to lose everything within a flash. However, some people made millions and millions of money out of it.
If you are planning to invest some in cryptos, shop some for litecoin as it has a great future.