Review on Litecoin Cash by Pedro O. Alvino M.
Litecoin hard fork
Litecoin Cash was founded in December 2017 by a team without links to the original Litecoin project. It was first announced on February 3, 2017 in the bitcointalk forum, and developers announced that Litecoin Cash would deviate from the Litecoin blockchain in block 1,371,111.
In addition LCC can be stored in several Wallet, as one of them, coinomi.
LCC uses the Bitcoin SHA-256 algorithm for mining purposes to create new tokens, allowing cryptocurrency miners with old technology to reuse their hardware. The mining difficulty is also recalculated in each block, using Dash's Evan Duffield DarkGravity V3 algorithm, which provides better scalability in terms of network and litecoin, according to its developers, but unfortunately the currency is in certain mint forgotten since its low liquidity and price for the ground indicates that nobody is interested in litecoin hard fork
Pros
- LCC mining is compatible with old mining hardware
- Your agent mining system does not require specialized hardware.
- Their transactions are low cost and are as fast as the litecoin chain
- Scalable network through segwit support.
Cons
- By using a consensus protocol based on Bitcoin, it is very harmful to the environment, due to the high cost of energy
- The coin toss got a lot of criticism.
- Currency price fully devalued
- It has little liquidity in the available exchanges, which are therefore few.
