- 26.02.2020

Litecoin hard fork

litecoin hard forkThe litecoin hard fork took place Sunday, and led to the creation of a spinoff called litecoin cash. A hard fork is a radical divergence in the protocol. Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released It was a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically.

Litecoin hard fork

Home News Litecoin Cash successfully hard forks off from Litecoin's blockchain Litecoin Cash successfully hard forks off from Litecoin's blockchain The Litecoin blockchain was successfully hardforked for litecoin hard fork first time ever, leading to the creation of a new cryptocurrency "Litecoin Cash".

Litecoin hard fork new coin has no affiliation with Litecoin's litecoin hard fork and is only a fork of their code and blockchain.

Litecoin hard fork

Interestingly, the coin had a controversial repute even before its launch. Litecoin founder Charlie Lee tweeted his views on the token on the same day its launch announcement was made.

He stated that the fork was not being conducted by him or other litecoin hard fork of litecoin hard litecoin hard fork Litecoin team.

Litecoin hard fork

Lee went as far as to call it a scam. This skepticism, however, did not get in the way of the progress of this newly forked coin.

The litecoin hard fork difference between Litecoin and Litecoin Cash is that the litecoin hard fork is based on the Scrypt mining protocol, while litecoin hard fork latter utilizes litecoin hard fork SHA hashing algorithm.

Litecoin hard fork

Other notable SHA coins are bitcoin cash and the crypto-king, bitcoin itself. Litecoin hard fork of these have a minute block time. On the other hand, Litecoin cash has a much smaller block time of only 2.

Litecoin hard fork

They pointed out that Litecoin Cash indeed has no affiliation with Litecoin's team and is only a fork of their code and blockchain.

Meanwhile, Litecoin itself has also litecoin hard fork notable growth over the past week.

Litecoin hard fork

Considering the fact that the split free coin spins and master coins daily each litecoin holder with free LCC tokens, this is a good guess. Only four crypto exchanges litecoin hard fork listing the coin at this initial stage.

Litecoin hard fork

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