Meet Litecoin Cash Hard Fork

Meet Litecoin Cash Hard Fork

Litecoin Cash developers confirmed the power of the Litecoin network. A snapshot of the system was made on block 1371111.

The Litecoin Cash team states that the wallets for the new cryptocurrency will be presented within the next 24 hours. Earlier, all LTC holders were promised LCC coins in the ratio 1 LTC = 10 LCC.

Our top trading bots

One of the main differences between Litecoin Cash is that if the Script function is used when scaling up the "original" Litecoin, Litecoin Cash is a cryptocurrency based on Proof-of-Work, whose network the SHA256 algorithm provides security.

It is claimed that Litecoin Cash will have a significant advantage over other major SHA256 coins - bitcoin and Bitcoin Cash. If the average time to create new blocks from BTC and BCH is 10 minutes, LCC will have 2.5 minutes, which will provide a faster confirmation of transactions.

The network has already begun to appear fraudulent sites are offering to receive Litecoin Cash. By entering the private key of your wallet, you are almost guaranteed to lose money on it.

Is Litecoin Cash Necessary? Is it a Scam?

Unlike Bitcoin, it’s unclear why Litecoin needed a hard fork. There was no years-long schism over its soul and purpose, and no pressing need to make litecoin transactions faster or cheaper.

The rather obvious attempt to grab attention from Litecoin and Bitcoin Cash (LCC’s logo and branding borrows heavily from both) has led many cryptocurrency followers to question whether LCC is legitimate — or even a scam.

Litecoin inventor Charlie Lee himself has warned LCC could be a scam and cautioned potential investors not to hand over private wallet details to “claim” new coins.

Litecoin is the fifth capitalization of the cryptocurrency, worth $ 12.428 billion. The price of one "coin" was $ 224.8, according to Coinmarketcap.

Information Source: Litecoin Cash

Lockheed Martin adopts blockchain for supply chain management in Switzerland
United States aerospace and defense contractor Lockheed Martin has signed an agreement with SyncFab, a Silicon Valley distributed manufacturing platform,...
FIL on the rise: Filecoin’s upcoming production cut alters tokenomics
Filecoin (FIL) is one of the most prominent coins in the storage sector of cryptocurrencies. In the past month, the price and market capitalization of FIL...
Thai SEC says investors should have crypto trading experience
Thailand’s Securities and Exchange Commission has clarified its guidelines to stipulate that those trading cryptocurrencies in the country should have some...
Prometheum and Anchorage set to launch alternative cryptocurrency trading system
Anchorage Digital Bank, a pioneer of digital asset custody, and cryptocurrency trading platform Prometheum are in the final approval phase for an alternative...
LBRY fires back at SEC over 'aggressive and disastrous' securities complaint
Blockchain company LBRY, Inc. has hit back at the Securities and Exchange Commission, saying a complaint filed against it threatens much of the crypto industry...
FTX set to secure naming rights to Miami NBA stadium until 2040
FTX has reached an agreement with Miami-Dade County on a 19-year partnership worth $135 million, to name Miami Heat’s home stadium the FTX Arena. The cryptocurrency...
Uniswap are friends but they fear 1inch, says DEX aggregator co-founder
It really doesn’t seem like the decentralized finance sector is planning to slow down its development in 2020. Interest in the sector is still growing despite...
Nasdaq CEO Believes Cryptos Have Place in Future in Economy
Almost two months ago Nasdaq’s representative Joseph Christinat confirmed the rumours that in 2019 the American stock exchange might launch BTC futures....
Bitcoin Plunges Below $4,500 For The First Time in a Year
The most valuable cyber-coin in the world plummeted below the margin of $4,500, the lowest point since the last year’s end of September. Overall, on November...
Facebook Data Scandal Can Help Blockchain To Thrive, Analyst Says
As Facebook is trying to recover for the massive disgrace, related to what is believed to be one of the enormous tech giant’s data breaches, blockchain...
Maduro Set Petro’s Pre-Sale Date. 5 Answers to Questions About Venezuela’s Crypto
Venezuela keeps struggling with economic crisis and extreme inflation. The country’s public currency bolivar sinks down breaking late anti-records, whereas...
Controversial SegWit2x Forks As Skepticism Over Bitcoin Clone Stirs Up
The bitcoin controversial hard fork SegWit2x after failing to be implemented in November 2017 at block 501451, has finally been launched on December 28...
Bitstamp Got 30.000 ETH From Vitalik Buterin
Ethereum co-founder Vitalik Buterin transferred to the Bitstamp exchange 30 000 ETH, which at the current rate is almost $ 22 million. It is noteworthy...
Altcoin to Invest: Zcash
Zcash is a cryptocurrency with open source, developed by Zerocoin Electric Coin Company on October 28, 2016. Zcash provides privacy and selective transparency...
It is not Bitcoin Rising but Fiat Currencies Falling
According to Stefan Molyneux, a well-known Canadian leader, it is essential to acknowledge free-fall in exchange rates, and especially to recognize the...