- Developers Litecoin Cash confirmed the power of the network Litecoin. A snapshot of the network was made on block 1371111.
The Litecoin Cash team states that the wallets for the new crypto currency will be presented within the next 24 hours.
As ForkLog wrote earlier, all LTC holders were promised LCC coins in the ratio 1 LTC = 10 LCC.
One of the main differences between Litecoin Cash is that if the Scrypt function is used when scaling up the "original" Litecoin, Litecoin Cash is a crypto currency based on Proof-of-Work, whose network security is provided by the SHA256 algorithm.
It is also claimed that Litecoin Cash will have a significant advantage over other major SHA256 coins - bitcoin and Bitcoin Cash. If the average time to create new units from BTC and BCH is 10 minutes, LCC will have 2.5 minutes for this, which will provide a faster confirmation of transactions.
2)Vitalik Buterin: do not invest in crypto currency more than ready to lose!
Ethereum founder Vitalik Buterin warned investors about the risks existing at the crypto-currency market and advised them not to invest all their savings in the new asset class.
"Crypto-currencies are a new super-volatile class of assets, prices can collapse at any moment up to zero marks. Do not invest in this area more than ready to lose. To save your savings, traditional assets are still the most reliable, "he wrote on his Twitter page.
Buterin not for the first time points to the community's obsession with making a profit on the crypto currency market, as it, in his opinion, does not contribute to achieving something real meaningful for the industry.
Earlier, Bitcoin Core developer Gregory Maxwell criticized Vitalik Buterin for supporting the "rescue harddocks" to restore stolen or frozen funds, as some community representatives should not decide whether to branch out or not, he said. Maxwell stressed that otherwise the system has already failed.
3)Anonymous trader purchased bitcoins for $ 400 million!
An anonymous trader from February 9 to 12 bought more than 41,000 BTC for a total of $ 400 million, increasing his balance to 96,650 units. This is reported by MarketWatch.
"It is not yet clear who this big buyer is, but many bought bitcoin at a deep drawdown and continued to buy when the position of regulators in the US and Asia cleared up," said Alex Sunnarborg, the founding partner of Tetras Capital.
President of 360 Blockchain USA Jeff Cohen is convinced that such a large purchase signals in support of the bullish trend, as many small traders will conclude that the big players have designated a bottom for $ 6000.
"I'm ready to believe that Wall Street smelled blood smell at around $ 6,000 and decided to go back," he said.
Recall bitcoin again overcame the boundary of $ 10,000.!