Litex

LiteX Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of LiteX.

Background

Litex, as the label themselves: “LITEX, a completely decentralized payment ecosystem for cryptocurrency.
Built on LTXN（LITEX Network), Litex supports instant micropayments with extreme low service charge.”

Similar to Monaco that we have mentioned before here on Cryptowisser, Litex has an app created to facilitate micropayments and transactions. These can also occur in cryptocurrency, and the LTXN will instantaneously convert that crypto in real-time to FIAT. For now, these microtransactions are made possible with the app, that can also generate a QR-code. The amount transacted will automatically be deducted from your account in real-time.

Basically, the project has three main foundations that it rests upon:

• Acceptance and Application – Since the team behind the company, originates from the payment processing industry, they will have a lot of resources and connections to deploy their solution at a large scale
• Stability and Security – The implementation of smart contracts through the LTXN (LTX Network), the company can ensure stability and security.
• Swift and Cheap – As the LTXN grows with more nodes, the blockchain will be able to handle tens of thousands of transactions every second at very low costs. The network employs the BOLT protocol (Blind Off-chain Lightweight Transactions), to facilitate these lightning-speed transactions.

Conclusion

Taking a quick glance at the Litex WhitePaper , one could almost believe that it’s a copy of Litecoin. However, LiteX has a comparative advantage in their flexibility. Any blockchain based payment processing system, is interesting to look further into. Read their White Paper here on Cryptowisser if you want to know more!

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Finally, if you have concluded that this is the coin for you, congratulations! Buy Litex here.

Good luck!