Bitcoin Cash with its big blocks, low fees and quick settlement times is a direct competitor to
Litecoin as mediums of exchange.
Not exact matches
In his post on reddit, Lee explained that he felt his ownership stake was actually a burden on
Litecoin's development
as a real - world
medium of exchange:
In other words, the unique edge
Litecoin enjoyed against Bitcoin
as a cheaper and faster digital
medium of exchange is slowly being reseized by Bitcoin.
«
Litecoin is more scalable by nature and with bitcoins mempool currently flooded with unconfirmed transactions
Litecoin is looking much better than BTC
as a
medium of exchange,» said Mato Greenspan, Senior Market Analyst at eToro.
Mind you, crypto users have been abandoning Bitcoin
as a
medium of exchange in favor
of rivals Bitcoin Cash and
Litecoin, which are much cheaper and faster to use for day - to - day transactions.