Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency
After two years of falling, the things are finally getting better for Litecoin. Thus, the Litecoin price has risen since January of this year.
However, Litecoin creator Charlie Lee admits that his currency is "boring" and that will take time to make things come to fruition:
Charlie Lee claims Litecoin is boring on his twitter
Charlie Lee is known as one of the most honest developers in the cryptocurrency world. Indeed, he never shies away from any discussion on the hottest topics with the public and always tries to be open and honest about the problems:
You guys only follow me because I speak freely. If I filter my Twitter messages through a PR firm, it will become dull as hell. https://t.co/2RepTvTjT5
— Charlie Lee (@SatoshiLite) August 6, 2017
Distributed database that is used to maintain a continuously growing list of records, called blocks
Thus, according to the Litecoin creator, although Litecoin may not dethrone Bitcoin by any means, it can still be one of the cryptocurrencies, especially considering that Litecoin is the fifth-largest currency by market cap:
Litecoin on the coinmarketcap.com list
What the future has in stock for Litecoin remains to be seen, but Charlie Lee knows for sure that such things take time and a lot of efforts to tune up.