When compared to Bitcoin, LiteCoin is faster to complete transactions and getting them confirmed in the universal ledger in some case the LTC Transfers are cheaper than Bitcoin but lite-coin was never made to provide Privacy and Anonymity.While Bitcoin has several coin mixers there are many platforms that charge some fee to free up your existing bitcoins. It requires a lot of trust between the sender and the receiver since the largest Bitcoin mixer is gone now it makes it hard to complete transactions which open’s an opportunity to many currencies such as lite-coin to step up in the cryptocurrency game.
Since Mixing LiteCoin is virtually impossible there are only limited services that do this work and more over your just can’t tell if they are legitimate without this feature the Darknet users won’t be able to make any transactions soon you may think that lite-coin is faster while doing transcations but it didn’t win the hearts of the users since it does not provide the anonymise.
While Monero works perfectly for the users who use darknet, In the case of lite-coin if it provides the Privacy and Anonymity since it doesn’t it has no purpose in darknet but the currency offers plenty of uses to mainstream users it still requires some time to come up in the market.
Latest posts by Unallocated Author (see all)
- The Digital Revolution: Ways to Drive Business Growth in the Private Education Sector - March 9, 2020
- Top Cybersecurity Trends In 2020 - February 20, 2020
- Microsoft Rolled Out Huge Patch Tuesday February With 99 Bug Fixes - February 14, 2020