I guess it should be the low transaction fees associated with LTC and high transaction fee associated with BTC and ETH. Another fantastic choice in which Bizdustry can go for is Ripple coin and Dogecoin.
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Litecoin is faster and commands lesser transaction fees when compared to those world top two coins when dealing on transactions. That's the focal point that got Bizdustry choosing it over BTC or ETH coin.The fast confirmation of transaction on the network and the low transaction fees is one of the reasons why people even use alternate coins to make transfers it apparently saves cost compared to using the bitch's or ethereum network with high gas fees especially ethereum.
I strongly agree to this point you made in your post because the processing fee of bitcoin is outrageous compared to that of litecoin.I think litecoin have a very low fee compared to some coins like bitcoin , ethereum and others , i guess this was their reason for making use of litecoin and litecoin fee is up to just 20cents and its very small
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I think litecoin have a very low fee compared to some coins like bitcoin , ethereum and others , i guess this was their reason for making use of litecoin and litecoin fee is up to just 20cents and its very small
I have always wondered as well why such happened because I remember I once or twice got paid here with Bitcoin. But I learned it's due to the high gas fee being charged.The latest development in the Bizdustry world got me asking some questions. Could it be that Litecoin might compete with Bitcoin soon.
Given that, Litecoin increased and dropped back today. Can one argue that it cannot stand the test of time like Bitcoin would at the moment?
What's the future of Litecoin?
That of litecoin is much more lower ,that is more reason you see people investing in other coins apart from bitcoin ,they know the advantage they will have if they tries to investI strongly agree to this point you made in your post because the processing fee of bitcoin is outrageous compared to that of litecoin.
Well I dont know why they used litecoin but probably because it has low fees and pretty fast. So yeah thats my guess why they chose litecoin. Im a moderator and I dont know so I dont expect others to know either.The latest development in the Bizdustry world got me asking some questions. Could it be that Litecoin might compete with Bitcoin soon.
Given that, Litecoin increased and dropped back today. Can one argue that it cannot stand the test of time like Bitcoin would at the moment?
What's the future of Litecoin?