Post
Topic
Board Altcoin Discussion
Re: Is it time for Litecoin to shine again?
by
d5000
on 02/05/2024, 18:03:14 UTC
If you are still having sense then you shall aware if there are plenty of scalable altcoins available in the market.
This is wrong. These altcoins are not "scalable", they are only trading centralization for more transaction density. Solana is basically like Bitcoin SV, a coin with nearly unlimited blocksize. It's the dream of big blockers.

I've recently read that almost nobody is able to run an non-pruned full Solana node because the blockchain is over 100 TB big (the 100 TB estimation was in 2022). Not even stakers know the state history down to the genesis block, so this potentially exposes the blockchain to all types of unknown Nothing-at-stake style attacks.

Litecoin has potentially unlimited TPS because it supports Lightning.

Litecoin will continue to be forgotted. Look at how liquidt gets centralized into the blockchain with so many utilities. Litecoin can be only used for send or receive your money only. This is a garbage coin now if you compare the utilities of litecoin to the another blockchain.
On EVM blockchains like Solana you can have DEXes, to trade tokens of other DEXes Wink It would be interesting how many transactions on Solana are actual value transactions and not some circlejerk.

Solana blockchain is also known to be halted every couple of months due to some strange bugs or problems. This cannot happen at LTC as its PoW is proven and reliable. Ethereum for example also is much more reliable.

Tokens of any kind are available on Bitcoin-style blockchains like Litecoin too - since about 2013. It's actually a bit a pity that LTC has mostly seen adoption of the worst possible* token standard, BRC-20, and the "meh" standard Runes, and not something more modern like RGB, but adoption work of RGB or Taproot Assets to Litecoin should not be difficult.


*well, Stampchain SRC-20 and Doginals are even worse, see the gazillon of threads about Ordinals.