Author

Topic: Litecoin Cash separated from Litecoin. (Read 103 times)

full member
Activity: 826
Merit: 128
February 21, 2018, 02:29:34 AM
#8
There are already thousands of coins one more will make no difference. Charlie Lee is right about it, but this is the beauty of open source project.
To be possible for anyone to create something better, based on early projects.
I am sceptical too about new or cloned coins because I know that the majority of them is made for money and not to serve any purpose. Time will show if I am wrong, till then I think that we have to give a chance to the new coin and wait for some time.
Usually, this kind of coins is abandoned some months later by their creators.
full member
Activity: 476
Merit: 100
February 20, 2018, 06:11:06 AM
#7
The creators are accused of fraud, but there is not enough reason for this. It was interesting to watch the trading on the exchange yesterday. Keeps well.
hero member
Activity: 1876
Merit: 567
February 20, 2018, 06:03:22 AM
#6
But I don't know what the Litecoin Cash is for. Because bitcoin's fork is meant to improve bitcoin, the Litecoin isn't particularly as good as bitcoin. So just for  circle the money?
Yep it's a free money and the main dev of Litecoin isn't associated by any means to the devs of Litecoin Cash. I don't have litecoin now as I've sold when Charlie Lee sold most of his and I didn't saw this coming so it's a free money. But still be careful he has given a warning that be cautiousl when entering your keys/seeds to those clients.
ADVICE; Sell the tokens as soon as you get them this is headed nowhere
Yeah, also when entering your keys make sure that you have transferred your funds to a more secure wallet.
sr. member
Activity: 522
Merit: 250
February 20, 2018, 05:55:07 AM
#5
Litecoin Cash separated from Litecoin. In the evening of February 18, a snapshot of the Litecoin network was taken on block 1371111 and fork Litecoin Cash (LCC) was held. The team behind the fork, promised to users within 24 hours to submit a release of the purse for a new crypto currency. Each Litecoin holder will be credited with 10 Litecoin Cash tokens. It is reported that for the Litecoin Cash mining, the Proof-of-Work algorithm will be applied, and the network security will be ensured by the SHA256 algorithm. In addition, it is expected that the creation of new units in the LCC network will take up to 2.5 minutes.
I think that the litecoin and litecoin cash will likely to be the same but for different network. This is the message that the devs wants us to know. It may be separated bit still they will be the same. Due to the changes made on feb 18, if you already own the litecoin, you can have a guaranteed 10 LCC for each coin you hold. If you cold five then multiply the 10 LCC into five that makes you have 50 LCC. They also stated that it will have a faster, smoother and more organized transactions and operations so look forward to it.
hero member
Activity: 980
Merit: 500
February 20, 2018, 05:27:34 AM
#4
They say that Litecoin Cash network will exist in parallel with the original Litecoin network that is currently operational the Litecoin Cash network uses LCC tokens as its cryptocurrency Similar to the original Litecoin network, This Hard Fork had engage on February 18 2018 and after the Fork if you migrate the old litecoin to the new one will be awarded 10 LCC for each LTC coin they own at block 1371111 in the original Litecoin blockchain, And claims to offer improved transaction processing, enhanced mining capacity to easily generate more cryptocoins and blocks using the legacy SHA256 mining hardware I really think when the Hard Fork occur it is an improve litecoin so it is a separate one from the old version.
jr. member
Activity: 191
Merit: 3
February 20, 2018, 05:26:38 AM
#3

 my honest opinion is , Litecoincash is a complete cash-grab,  it has no association neither does it add value to litecoin, no support, no improvement, np nothing.
ADVICE; Sell the tokens as soon as you get them this is headed nowhere
member
Activity: 238
Merit: 10
The Experience Layer of the Decentralized Internet
February 20, 2018, 05:13:10 AM
#2
But I don't know what the Litecoin Cash is for. Because bitcoin's fork is meant to improve bitcoin, the Litecoin isn't particularly as good as bitcoin. So just for  circle the money?
newbie
Activity: 50
Merit: 0
February 20, 2018, 05:09:11 AM
#1
Litecoin Cash separated from Litecoin. In the evening of February 18, a snapshot of the Litecoin network was taken on block 1371111 and fork Litecoin Cash (LCC) was held. The team behind the fork, promised to users within 24 hours to submit a release of the purse for a new crypto currency. Each Litecoin holder will be credited with 10 Litecoin Cash tokens. It is reported that for the Litecoin Cash mining, the Proof-of-Work algorithm will be applied, and the network security will be ensured by the SHA256 algorithm. In addition, it is expected that the creation of new units in the LCC network will take up to 2.5 minutes.
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