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Litecoin scaling issues

litecoin scaling issues

editorials, articles and essays appearing on this site may be republished, but only with full attribution of both the author and The Token Authority as well as a link. But for those still smitten by the technology and the possibility of cryptocurrency, whether for political, social or innovative reasons, Litecoin becomes a natural anchor. This gives Litecoin a strong developer, advocate and leader without the overhanging uncertainty of motivation. Merchants using LitePay instantly become sources of advertisement for Litecoin. It could also mean that centralization is here to stay, with all of the imperfections that motivated the dawn of the blockchain community in the first place.

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While many have pointed out that Lightning Network on Bitcoin could make Litecoin irrelevant, thats assuming the LTC community remains complacenta feature that points to the opposite being true. You can imagine the potential marketing and growth opportunity this presents for Litecoin. From there people begin to branch out based upon interest. Barring an outright hatred of crypto, there is little reason for an independent business owner not to use LitePay. If cryptocurrency continues to grow, which includes people gaining interest and investments in Bitcoin, the likelihood of Litecoin becoming a breakout candidate in the industry also goes exponential. More people are coming to recognize Litecoin as a cryptocurrency with real use. Cryptocurrency, while innovative and potentially revolutionary, is still a choice. Both are intended to act as peer-to-peer currencies, but Litecoin offers users unique benefits. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice. All of this contributes to the growing brand share of Litecoin and the possibility of becoming a household name like Bitcoin. The argument is basically this: LitePay is just a currency converter that deals largely in fiat rather than strictly cryptocurrency.