This is a serious question I'm posing because I'm not really sure! On one hand, who doesn't love free crypto? On the other hand, are the problems that Litecoin found Charlie Lee predicting to come true? He tweeted recently that “any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin”. READ TWEET HERE
Litecoin Cash (LCC) was formed after a hard fork on the Litecoin blockchain at block number 1,371,111. Similar to other hard forks, each Litecoin holder is entitled to have LCC at a ratio of 10:1 i.e. 10 LCC for every 1 LTC. The price spiked to around $5 in initial trading but has settled down at around half that.
Litecoin is my favourite cryptocurrency due to its low fees and fast confirmations. So, I'm excited about the new Litecoin fork and hoping that it's not a scam. I'm curious to see what you the community here on Steemit think about this new fork? Please comment below and let me know!
Here is a great article to read to LEARN MORE