LTC

Litecoin

Currency
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Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities.
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External Review
i.e CIO at Kraken
Sentiment
Comments

5 of 11 user opinions

SA
Bitcoin Economist and Author of The Bitcoin Standard Source
While I still believe Litecoin is just another pointless alt, I think Satoshi Lite genuinely believes it's digital silver and it helps BTC.
DM
Co-founder of Messari Source
I think Bitcoin will scale to meet the demand for the types of uses that BTC is good for. And since LTC is a straight-up clone, there'll be no appropriate demand left over. There will certainly be demand for *other* uses, but unless LTC meaningfully differentiates, it won't benefit.
JG
Founder and CEO of Bloq Source
Litecoin is a cheaper, faster, marginally less-secure version of BTC. Plenty of advantages there.
LD
Bitcoin Core Developer Source
Litecoin and other scamcoins like it, on the other hand, do not bring anything new to the table. They are just mere clones that retain the pump-and-dump nature of Bitcoin, but without the innovation that makes Bitcoin viable as a currency.
DM
Co-Founder of Global Financial Access and Business Development at ETCDEV Source
"Success" in blockchains is not defined by more market cap, investors, developers or even users. Success is defined by trust minimization, preservation of integrity and strict protection of property and agreements. This is why BTC, LTC and ETC are the most successful blockchains.
FP
CEO of Satoshi Portal Source
Litecoin's only real use case was to be an R&D project for reflecting on and benchmarking security of decentralized timestamps (e.g., OpenTimestamps project).
ZW
Founder and CEO of Zcash Source
Litecoin is a great coin with a simple product design, excellent track record, and excellent distribution.
PB
Independent Consultant Source
Litecoin, a cryptocurrency nobody uses, is now comparable in notional value to the silver market.
NR
Software Engineer, Facebook Source
I have a positive impression of the Litecoin community, but I'm not optimistic about LTC's future.
TD
Founder of Adamant Capital Source
I originally saw it as a hedge against a particular Bitcoin panic, now it's just an altcoin with a reasonable amount of liquidity.
VL
CEO of Civic Technologies Source
Litecoin is just a Bitcoin testnet.

Most helpful opinions

VL

VL Vinny Lingham CEO of Civic Technologies
Litecoin is just a Bitcoin testnet.
TD

TD Tuur Demeester Founder of Adamant Capital
I originally saw it as a hedge against a particular Bitcoin panic, now it's just an altcoin with a reasonable amount of liquidity.
NR

NR Noah Ruderman Software Engineer, Facebook
I have a positive impression of the Litecoin community, but I'm not optimistic about LTC's future.
PB

PB Preston Byrne Independent Consultant
Litecoin, a cryptocurrency nobody uses, is now comparable in notional value to the silver market.
ZW

ZW Zooko Wilcox O'Hearn Founder and CEO of Zcash
Litecoin is a great coin with a simple product design, excellent track record, and excellent distribution.
FP

FP Francis Pouliot CEO of Satoshi Portal
Litecoin's only real use case was to be an R&D project for reflecting on and benchmarking security of decentralized timestamps (e.g., OpenTimestamps project).
DM

DM Donald McIntyre Co-Founder of Global Financial Access and Business Development at ETCDEV
"Success" in blockchains is not defined by more market cap, investors, developers or even users. Success is defined by trust minimization, preservation of integrity and strict protection of property and agreements. This is why BTC, LTC and ETC are the most successful blockchains.
LD

LD Luke Dashjr Bitcoin Core Developer
Litecoin and other scamcoins like it, on the other hand, do not bring anything new to the table. They are just mere clones that retain the pump-and-dump nature of Bitcoin, but without the innovation that makes Bitcoin viable as a currency.
JG

JG Jeff Garzik Founder and CEO of Bloq
Litecoin is a cheaper, faster, marginally less-secure version of BTC. Plenty of advantages there.
DM

DM Dan McArdle Co-founder of Messari
I think Bitcoin will scale to meet the demand for the types of uses that BTC is good for. And since LTC is a straight-up clone, there'll be no appropriate demand left over. There will certainly be demand for *other* uses, but unless LTC meaningfully differentiates, it won't benefit.