Review on Litecoin Cash by David Olayide
Litecoin Cash
If we are going to be completely honest with ourselves then we know that despite the vast changed and improvements in the use and development of cryptocurrencies most of these projects have failed in achieving what they initially set out achieve. First of all we see that there are some defects that were overlooked or some problems that come along with the solutions they propose.
Because of this issues it became necessary to create forks of some of the major cryptocurrency projects around us. Today we now have a lot of forks indeed. Litecoin is one of such cryptocurrencies that was forked. Hence we have with us, Litecoin Cash, LCC. LCC is a Litecoin fork that has a higher maximum supply, also runs the SHA256 mining algorithm, and has better difficulty adjustment.
Of course LCC being a fork, will still retain some properties of the original design of the parent cryptocurrency, Litecoin. LCC, runs on its own blockchain and also incorporates features from many other good and properly established or designed coins. Some of the features we were talking about earlier on, include:
Lower transaction fees, lesser difficulty and also the fact that it can be mined with SHA256 as against that of Litecoin.
Then there is also the factor of speed to consider. LCC is faster, cheaper, and has more bandwidth in comparison to Bitcoin.
LCC also supports Segwit and has much faster block times compared to other forks like Bitcoin Cash.
For a maximum supply figure, there are about 840 million coins while the circulating supply stands at 576 million coins. Mercatox, YoBit, SouthXchange and others are some of the cryptocurrency exchanges that trade LCC.
Pros
- Faster block confirmation times
- Bigger maximum supply
- Lower transaction fees and more bandwidth
Cons
- None
