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Old 04-23-2021, 07:44 AM  
Brian mike
#Alberta51
 
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Join Date: Oct 2014
Location: USA Territory (Alberta)
Posts: 7,877
The Downside of the Hype of Bitcoin Make each Transaction VERY SLOW with a Higher fee's.

Some sites seem now to push toward using Litecoin (LTC) as their official crypto payment currency.

Litecoin (LTC) is a cryptocurrency that ranks among the top 10 in the crypto market cap. It was an early source-code fork of Bitcoin, created back in October 2011. Litecoin (LTC) addresses the shortcomings of Bitcoin in scaling to facilitate micropayments. The Litecoin (LTC) network processes a block every 2.5 minutes, rather than Bitcoin’s 10 minutes. This allows Litecoin (LTC) to confirm transactions way faster than Bitcoin and at much lower fees. The average transaction fee for Litecoin (LTC) is now ~ $0.50.

Slow transactions and network fees for Bitcoin and Ethereum payments are no longer sustainable for most users.

what ya think ?
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