Review on Litecoin Cash by Alex Martakov
However, according to analysts, such steps do not make the cryptocurrency…
However, according to analysts, such steps do not make the cryptocurrency promising. Competition, lack of original ideas and low usability of digital money - all this has a negative impact on the potential of their growth. In this context, investing in Litecoin Cash is considered only as a secondary investment, which can benefit only in the short term against the background of news events. For long-term deposits, the cryptocurrency does not yet show significant prospects.
Pros
- (+)- other SHA256 Protocol coins take about 10 minutes to create new blocks, and the new currency has a bandwidth of four times the bitcoin transaction, and it takes 2.5 minutes. Also, in comparison with Litecoin, the Commission it is lower by 90%. (+)- The maximum issue of a new coin is 840 million LCC. You can control its dynamics on the CoinMarketCap website. Also, you need to check the presence of coins on new exchanges to get a clearer idea of the ratio of supply and demand.
Cons
- The launch of Litecoin Cash was taken skeptically, but the biggest criticism came from Charlie Lee, the well-known founder of Litecoin. He warned everyone that all forks are a Scam, that they have nothing to do with Litecoin and urged everyone to be careful not to enter their private keys on their sites, not to succumb to this deception. Indeed, many were closed by the opinion that Litecoin has started to disintegrate. Litecoin team said that it is not interested in the division.
