Recently, Facebook has spread the news about the forking of Litecoin, and the news came out. This virtual currency called LTE has become a hot topic at present.
As we all know, Litecoin is a digital currency based on the Bitcoin code, and many new features are first tested on Litecoin and then merged into the Bitcoin branch. Our primary goal is to fork a digital currency from Litecoin. Litecoin is a digital currency based on blockchain technology and one of the most successful digital currencies to date. It has many advantages. Forking from Litecoin is to inherit all the advantages of Litecoin.
The holders of Litecoin also have different opinions. Some people say that a virtual currency must be forked if it wants to develop. For example, Bitcoin is now full of descendants. Some people say that they have some lessons for the past and worry about their Litecoin. Devaluation. However, one point that distinguishes LTE from other currencies is that it belongs to rigid demand. As Litecoin becomes more and more popular, it is loved by major merchants. At the same time, his demand for use is also increasing, and it has not been able to satisfy various enterprises and merchants. So LTE came out at the historic moment.
LTE is a new virtual currency superior to "mother" Litecoin. LTE not only inherits all the advantages of Litecoin, but also has a faster network, a more rigorous algorithm (EquiHash), a more stable performance and a more mature model.
These are the reasons why I support the fork of Litecoin, and there is a lot of value-added space to solve the needs of various companies for Litecoin.
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