Litecoin has lots of potential: Founder Charlie Lee on the way forward for LTC

• Litecoin creator Charlie Lee tweeted that the coin’s strengths make its worth indeniable.
• Though Litecoin is price 1% of Bitcoin, Charlie Lee sees potential in its nice design and better bandwidth.
• Extension blocks enhance Litecoin’s scalability, whereas MWEB integration will increase privateness and fungibility.

Litecoin creator Charlie Lee mentioned in a latest tweet that it is arduous to dispute Litecoin’s worth. LTC is a cryptocurrency that boasts a number of benefits, reminiscent of low transaction charges, compatibility with the Bitcoin protocol, comparable game-theoretic assault danger to Bitcoin, and its personal set of ASIC miners to make sure safety.

Lee additionally added that Litecoin was launched pretty and has 11.5 years of expertise with out downtime.

The market at present values ​​Litecoin at simply over 1% of Bitcoin. Whereas it is debatable whether or not or not this evaluation is right, Lee believes the market’s evaluation is right. Nevertheless, in keeping with Lee, Litecoin has big potential because of its premium design, which facilitates greater bandwidth in comparison with Bitcoin.

As well as, the founder talked about that the scalability of Litecoin is elevated by using extension blocks, which permit the combination of recent options with out disrupting the present community. As well as, the combination of MimbleWimble Extension Blocks (MWEB) is predicted to considerably enhance the privateness and fungibility of Litecoin.

Lee expects that Litecoin can attain the ten% (0.025 LTC/BTC) enhance goal sooner or later. “Even in one other bull market, reaching 5% (0.0125) shouldn’t be a tough feat.

In his opinion, it’s unlikely that Litecoin will fall under the 1% mark (0.0025). It is usually price noting that the following halving occasion will happen in about 92 days, which is an thrilling time for the Litecoin group.

Total, the LTC founder believes that the way forward for Litecoin appears to be like promising and it is going to be fascinating to look at the way it develops within the coming months.