Bill Barhydt Praises Litecoin’s 10 Years of Uninterrupted Uptime
Bill Barhydt, CEO of Abra Global crypto company applauds Litecoin’s (LTC) performance in the crypto industry. Specifically, Barhydt tweeted that Litecoin is the only “decentralized p2p payment system with ten years of uninterrupted uptime.”
Litecoin is the only decentralized p2p payment system with 10 years of uninterrupted uptime. (#Bitcoin will get there in 2023.) https://t.co/35ascaN0AE
— Bill Barhydt (@billbarhydt) January 2, 2023
The crypto expert also noted that Bitcoin will also be credited with an “uninterrupted uptime” label in 2023. Moreover, he mentioned the tweet by crypto insight provider Jameson Lopp, which shows the uptime of the Bitcoin network since 2009.
Bitcoin network uptime in:
2009: 100%
2010: 99.908%
2011: 100%
2012: 100%
2013: 99.932%
2014: 100%
2015: 100%
2016: 100%
2017: 100%
2018: 100%
2019: 100%
2020: 100%
2021: 100%
2022: 100%— Jameson Lopp (@lopp) January 2, 2023
Notably, Barhydt remarked that he uses Bitcoin to store wealth and prefers Litecoin to do p2p via crypto when possible.
However, a crypto user wrote on Twitter that it will be good if Charlie Lee, the creator of Litecoin will improve the LTC ecosystem. The crypto user also wishes to see a bigger project for tokens/NFT on LTC.
Earlier in November 2022, Litecoin announced on Twitter that it has had zero downtime in over 11 years of existence, which is the longest uninterrupted uptime in crypto.
For those out of the loop, 100% uptime happens when a blockchain network goes through ups without any downtime. But, it does not mean that blockchains will not have any single downtime for their nodes.
According to an estimation by a Bitcoin uptime tracker, Bitcoin is found to have been 99.987% functional since its existence. Also, Bitcoin went through downtime twice, one in 2010 (99.908%) and the other in 2013 (99.932%).
Ethereum has 100% uptime, but it had several attacks and issues, especially in 2016. Following the attacks, the core developer of Ethereum rectified the issues by forking into Ethereum and Ethereum Classic.
