It's proof of work, limited supply like BTC (84m), no pre-mine. Good for payments, widely accepted everywhere that BTC is, it's decentralised, and the creator sold his LTC in 2017 to free it from any centralisation. 10 years old and has stood the test of time, is still being actively developed.
It clearly works very well as a payment system, and if we consider BTC digital Gold, could litecoin be considered silver? Silver is much cheaper than gold, less desirable, but has its usage and just quietly goes about its business.
People praise BTC for many aspects which LTC also has, and arguably does some things better, yet it kinda just sits there, existing.
I'd love to see some of your perspectives on it.
I did try to post this to the bitcoin sub, but quelle surprise it wasn't approved, because anything other than BTC is a shitcoin, amirite?
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