Well-known trader analyst Tony Vays recently called Litecoin a scam on his Twitter.
Weiss alsoposted a screenshot that puts the sixth-largest cryptocurrency in a negative light.The screenshot states that while Bitcoin is a technical innovation, Litecoin is nothing more than a plagiarism of it.
In addition, the analyst commented on the changes inmining protocol Litecoin with SHA256d to scrypt. According to him, the new protocol is much more prone to attacks, and also poorly compatible with consumer equipment. In addition, faster block mining is considered a problem, as it “inflates” the blockchain.
Charlie Lee, creator of Litecoin, answered analytics inon your twitter. According to him, over the past 8 years, the platform has completed transactions worth $ 500 billion, which demonstrates the viability of the project. In addition, he compared BTC and LTC with Pepsi and Coca-Cola, stating that if someone prefers one drink to another, he still cannot call the less preferred choice fraud. According to him, even if someone believes that BTC is superior to LTC, this does not make a dummy project out of lightcoin.
Recall that after a recent halving, the Litecoin hash network has fallen almost twice.
Based on materialscoingape.com
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Over eight years, more than $ 500 billion transactions have been made in Litecoin network