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Litecoin is a shitcoin, however it’s one of the most “useful ones” because it’s such a direct fork of Bitcoin that people have tested things on it which eventually became Bitcoin features (such as segwit)

Definitely not useful as money though and it does fix any scaling problems. It has slightly bigger and faster blocks but it actually takes longer for the same settlement assurances and the POW is nothing compared to Bitcoins. The only reason it is cheap to use is because almost nobody uses it.

Platinum Bear 2y ago

I disagree with the scaling issues. Back several months ago when the plebs uploaded all those NFT images to the chain which caused bitcoin fees to soar. At that same time you saw the creation of litecoin wallets spike and you litecoin transactions volume ballon and litecoin network didn’t seem to flinch. Even with network(nodes) being no where near in size as the bitcoin network.

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Zach⚡️ 2y ago

Node count doesn’t matter at all in terms of transaction volume. Do you understand how blockspace works? Honest question. There’s no need to speculate - it’s very easy to understand the maximum limit for on-chain transactions on both Bitcoin and Litecoin. Neither of them are even close to being able to service all global transactions on-chain.

There were 153 transactions in the lates Litecoin block - blocks aren’t even close to full and the mempool is cleared. Meanwhile Bitcoin had 3,484 transactions in its latest block and has over 200,000 pending in mempool. Do you see the difference?