Litecoin (LTC) and Bitcoin Cash
(BCH) are similar in a lot of ways. Both coins came into existence to compete with Bitcoin
(BCH) as a better alternative. However, the past few months have clearly shown us that Bitcoin
is still the unchallengeable monarch of the crypto world and any coins or projects that have nothing else to offer except for attempting to knock down Bitcoin
will have a hard time surviving. I’m sure a lot of Litecoin fans will say, “Litecoin is addressing a different market” and will come up with different analogies like the famous analogy of Litecoin creator, Charlie Lee who compares Bitcoin
to a busy highway with lots of traffic and Litecoin to a less crowded highway with low traffic. The problem with such statements is that they do not last for long. Six months back you could say that Litecoin transactions are faster than that of Bitcoin
but now you cannot say the same thing. In time, you will not be able to say Litecoin transactions are less costly or less crowded than that of Bitcoin
. That is very logical to expect when you consider that Bitcoin
dominates more than 40% of the crypto market and has the most experienced developers working on it.
Read more on this analysis here: https://cryptodaily.co.uk/2018/04/liteco...