Litecoin Rating Report

2018-08-16

Litecoin creator Charlie Lee created Litecoin via mimicking Bitcoin's core code, and managed to survive in the sea of clone coins, gradually developing strongly. In terms of the technical layer, Litecoin made improvements concentrated in the consensus mechanism layer, and through a new hashing mechanism, lowered the barrier to entry for miners, and raised the difficult of concentrating hashing power, as well as providing a certain degree of resistance to ASIC mining. However, power still became concentrated and decentralisation wasn't achieved. This was an inevitable result of the increase in popularity of the token, and a result of the relationship between cost and benefit for miners. As a token very similar to bitcoin, to a certain extent, Litecoin can work a test ground for Bitcoin, and in a situation where it can lower the cost of experimentation, Bitcoin may need to attain a plan for improvement. When compared with other coins that have failed, there are many reasons why it has been able to gain attention. Aside from analysis of the text, "Litecoin is silver to Bitcoin's gold", it as a supplement to Bitcoin, and is use in areas that Bitcoin can't touch is one of its major aspects through which it can be promoted. As a payment token, Litecoin faces the same problem other tokens do: high volatility. Currently, the degree of support by merchants on the market of Litecoin is not enough to be able to make it widely accepted as a medium of payment. Litecoin in the top echelon of payment-type tokens. Additionally, in the regulatory realm, due to different regulations throughout the world, as well as a lack of a complete regulatory framework, the possibility of influence by external factors is relatively large. For thesereasons, TokenInsight gives Litecoin a rating of BBB. The outlook is stable.

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