Litecoin takes off as Bitcoin corrects

Bitcoin has had a wild ride this week, starting out at $11,000 and surging to over $18,200 seven days later. The market has now started to correct and BTC has fallen back to around $13,500 at the time of writing. The massive rush in demand has highlighted a number of inherent flaws in the system. Major exchanges such as Coinbase were overwhelmed with traffic and transactions which brought the site to a grinding halt once again. At the peak of the trading frenzy there were over 250,000 transactio