@antonburton @alexmavor, thanks for the mention, i appreciate it.
Regarding scalability point of litecoin, i don't know why the majority of the people always forget that the transaction fees are a major factor of bitcoin successful, you wonder why? let me explain:
Remember Metcalfe's law?
Yes, but you don't know how it's related here?
remember something called miners?
how is it related?
it's a circle my friend, when the fees increases it means that the mining is very profitable, which means more miners (Who are new bitcoin network users are going to jump in)
the more miners (new users) jump in the higher the difficulty will get and as higher the difficulty goes the price will follow, and the high price brings more miners (new users) and so on.
when the network is stable the mining fees should not be more then what is equal to $0.05 for regular transaction per block, no matter how much bitcoin price is, for example if bitcoin price is $1000 the mining fees will be 0.00005 BTC, and if the bitcoin price is $4000 the mining fees will be 0.0002 BTC and so on, this equation, is what makes bitcoin scalable, because if a miner today is getting for example 0.001 btc per TH/s daily as bitcoin price is over $6,000,
if the price multiplied by 10, and bitcoin became $60,000, the miner will get 0.0001 Btc per TH/s daily, which eventually means he will be getting the same amount approx. in USD. because if you look at the difficulty chart for the past 4 years, comparing with bitcoin price all the way, you will find that it's connected,
so the higher the price, means higher difficulty,
higher difficulty means higher amount of miners - (NETWORK USER) now we go back to Metcalfe's Law, and the picture should be clear, Right?
Bottom Line: people are trying to solve a problem in bitcoin, while it's actually the solution of all altcoins
want a live example? look at the price of Bitcoin Cash.
Litecoin mining is not profitable, which is why it's not moving fast forward.
trust me, i know what i am talking about because i am a miner.