Today’s society considers Bitcoin dominant in kriptonyte. However, the founder of Litecoin Charlie Lee his opinion on this matter. He identifies at least three major cryptocurrencies Bitcoin, Litecoin, and Ethereum and for good reason. Despite the statement, Bitcoin is certainly a very long time to take the top spot. And shift it out to be extremely difficult.
As Lee explained in one of his tweets, he considers these three main currencies, so as soon as they are available on all major cryptomeria. Only those three can be simultaneously stored in any hardware wallet. All other currencies is not at all the sites, and translate them into hardware wallet is almost impossible. However, the followers retorted to review a whole list of coins that meet all the criteria Whether.
Bitcoin, Ethereum, Litecoin and cryptos are the BELlweather. They are the only coins that are traded on every major crypto exchanges and can be stored on every hardware wallet.
Easily buying and securely storing other coins is really a PITA. ?
— Charlie Lee [LTC⚡] (@SatoshiLite) October 25, 2018
The Creator of Litecoin was inspired by the Bitcoin
Lee has always been a big fan of Bitcoin. At the recent Money 2020 conference, he admitted that Bitcoin has inspired him to create Litecoin in 2011. In addition, he noted the high level of confidentiality and the importance of coins.
After that, we are talking about the characteristics of interoperability between the various digital currencies. And here, according to Lee, Bitcoin is much inferior. It cannot be considered interchangeable, since the origin of the transaction in the blockchain of Bitcoin is very easy to follow. Moreover, when a person commits a transaction in BTC, he can see the amount of funds to the recipient’s wallet.
For comparison, a much smaller coin is Monero and zcash for – bypass the Bitcoin transaction privacy at times. According to Lee, these altcoins at the time excited cryptologist.
It is also worth noting that Charlie does at the end of the summer refused to buy LTC. In addition, the company recently announced the release of updates to the Litecoin Core 0.17, where the fee will be reduced ten times. More data look at cryptodata.
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