Review on Litecoin Cash by Robiul Islam
One of the major advantages of cryptocurrency is the very fact that new ideas…
One of the major advantages of cryptocurrency is the very fact that new ideas can be built on the back of established ones. As additional forks come to market they will need to innovate to bring real-world benefits to potential coin holders. By borrowing technology from multiple cryptos, this coin aims to create a Frankenstein style crypto with all the best features patched on. This may prove to be a good strategy however cryptos like Litecoin and Bitcoin already have one major bonus, first mover advantage.
Updated 5 years ago
Rating changed from 4 to 3
Their Litecoin Cash Halvening was successful! Block rewards are now 125 and Bee Price is 0.05 LCC. The Hivepool bot is down getting an upgrade. If you want to mine you will need to use the core wallet and solo mine. Or wait until HivePool 2.0 comes out.
For my side! I'm wondering why LCC hashrate is so high as it's absolutely not profitable to mine.
Pros
- The coin’s creation is to benefit miners with SHA-256 mining equipment. • Fast: Rapid transactions and confirmations with 2.5 minute block times. • Cheap: Low friction spending with tiny fees. • Scalable: Segwit support and fast blocks provide ample transaction bandwidth. • Future-proof: Lightning network support provides instant transactions and epic future scalability.
Cons
- Criticism: The launch of Litecoin Cash has been met with scepticism by Litecoin founder Charlie Lee. Downside: The sharing of private keys is not something I would recommend although the site seems eager to get users doing it. The team claims this as the only option for you to claim the cryptocurrency. For any investor, this is something to be wary of, and adequate safety measures should be put in place to ensure no unauthorized access to your wallet takes place.
