Journal Entry: Stamatina Bourret-03/18/2024-Digital Economy Course Lesson 17

Journal Entry

Lesson 17 Litecoins

1. Litecoins design contributes to its utility as a medium exchange of everyday transactions because it’s quicker and with 84 million it makes it more accessible for smaller transactions.

2. Litecoins quick transaction speed and lower fees impact the effectiveness of microdonation platforms for reintegration efforts because it is easier and in turn quicker to use. Due to the low fees, it is more accessible.

3. The transparency and security offered by Litecon blockchain enhances trust and accountability in charitable initiatives because it is more memory intensive and allows more people to mine on consumer based hardscape makes it easier and quicker for charitable initiatives.