If we're around for the day the 21M BTC limit is reached, then we will want to go with LTC. Like HIVE, LTC is criminally undervalued, and LTC even addresses a need BTC won't.
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If we're around for the day the 21M BTC limit is reached, then we will want to go with LTC. Like HIVE, LTC is criminally undervalued, and LTC even addresses a need BTC won't.
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The main difference is PoW vs PoS though? Its less secure?
I was going to say "no"; then I discovered something called LTCP (Litecoin Proof of Stake). Rather than being a hard fork of Litecoin, it is based on the code base for Bitcoin. So LTCP is different from LTC, and LTC itself uses Scrypt rather than SHA-256 for its hashing algorithm. LTC remains PoW, while LTCP is PoS by definition.
Privacy is the need Litecoin addresses which Bitcoin hand't address or won't address.
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Thanks, thats helpful to know.
But people have chosen Bitcoin over LTC and BCH for adoption?
By virtue of being first out of all, Bitcoin has (whether deserved or not) first-mover advantage. Bitcoin is what people know.
LTC is #20 and BCH is #32 in Market Cap on CoinGecko. At least on LeoFinance, I see LTC getting more respect than BCH.
LTC may be like a classic Volkwagen Beetle among leading cryptos; by virtue of its design as a "a classic Volkswagen Beettle," LTC great under certain conditions.
(I want to say the same about BCH, but I'm not familiar with it pro or con.)
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