Fundamentally:
- It does not compete with BTC on hash power.
- It's a testing space for new tech. SegWit, Lightning, Confidential Transactions, Mimble Wimble.
In the short term:
- It's cheaper and faster to get onto the BTC LN with LTC with Atomic Swaps.
- It's on every exchange as BTC.
- It's on every ATM as BTC.
In the long term:
BTC can't scale to handle everyone in the world. Just last year the Mem Pool was at capacity. With SegWit the Mem Pool has doubled but BTC can only support a fraction of the world's population, that's also where LTC comes in. What happens when Layer 1 Memory Pool is full and we want to avoid big blocks to prevent centralization of mining. SegWit2x was an attempted power grab by the miners.
- It does not compete with BTC on hash power.
- It's a testing space for new tech. SegWit, Lightning, Confidential Transactions, Mimble Wimble.
In the short term:
- It's cheaper and faster to get onto the BTC LN with LTC with Atomic Swaps.
- It's on every exchange as BTC.
- It's on every ATM as BTC.
In the long term:
BTC can't scale to handle everyone in the world. Just last year the Mem Pool was at capacity. With SegWit the Mem Pool has doubled but BTC can only support a fraction of the world's population, that's also where LTC comes in. What happens when Layer 1 Memory Pool is full and we want to avoid big blocks to prevent centralization of mining. SegWit2x was an attempted power grab by the miners.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.