Here’s Why Litecoin (LTC) Is Important, According to Abra CEO Bill Barhydt

The CEO of crypto asset management platform Abra is Litecoin’s (LTC) reliability makes it important for the wider crypto space.

Bill Verheit To tell Litecoin is the only decentralized peer-to-peer payment system with 10 years of uninterrupted uptime.

Uptime measures the percentage of time the system is up and running.

According to some estimates, Bitcoin (Bitcoin) the network is working 99.98% or more of its existence. The most recent Bitcoin network outage occurred in March 2013. This means that BTC will reach the 10 year uninterrupted uptime mark in about 2 months, assuming there are no issues with the network now and in the meantime.

Bahait To tell He uses BTC to store his wealth, but prefers to use Litecoin to make peer-to-peer payments via crypto “wherever possible”.

explain Abra CEO,

“Litecoin is important for several reasons [in my opinion]…. They test new technologies and system settings faster than Bitcoin… MimbleWimble, block timings, different hashing algorithms…etc.this helps bitcoin [in my opinion]Either way, it’s still just software. to use or not to use “

LTC is trading at $77.40 at the time of writing. The 13th largest crypto asset by market capitalization is up more than 2% over the past 24 hours and nearly 13% over the past week.

Don’t miss the beat – apply To get encrypted email alerts delivered directly to your inbox

check price action

Please follow us twitter, Facebook When telegram

surfing The Daily Hodl Mix

Check out the latest news headlines


Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Image Generation: On the Journey

Leave a Reply

Your email address will not be published. Required fields are marked *