Post
Topic
Board Altcoin Discussion
Re: Why do YOU support Litecoin? Why is it so popular?
by
nemgun
on 25/04/2017, 16:20:27 UTC
Nothing against litecoin myself, just was very surprised to see such a significant increase on its price recently.
What features does it have which make it worth buying? As far as I know, all it has is Segwit, which is something that changes some sort of file size in the blockchain?

My point is, since it is a technical clone of Bitcoin, what are your reasons for supporting it?

You should edit your post, Litecoin isn't a clone of Bitcoin (even if no one still pointed), it is the first Altcoin, it means, an alternative to Bitcoin.

One of the first Bitcoin clones is IXcoin : https://www.coingecko.com/en/coins/ixcoin

There are a lot of differences between both, and the most important one is the algorithm, Bitcoin's algo is SHA256, Litecoin's algo is Scrypt. Needless to talk about the other differences.