The recent downturn of the crypto-currency market has not deterred nor swayed away hard core crypto-enthusiasts. In fact, ICO's and even block chain forks continue to take place in the crypto-world. One of the latest forks to be announced is that of Litecoin Cash, which was presented to the crypto-world on February 3rd.

On February 3rd, the team for Litecoin Cash made their announcement official on the Bitcointalk.org forum found here. The fork is scheduled to take place on Monday February 19th, 2018. The time is subject to change but is scheduled to take place when the block 1371111 is found. At this point, holders of Litecoin can claim 10 Litecoin Cash (LCC) for every 1 Litecoin they hold once the fork goes live.

Litecoin Cash appears to have many improvements over Bitcoin and Litecoin. Litecoin Cash will be based on the SHA256 algorithm but with much shorter block times. Block times will be shortened from 10 minutes (Bitcoin) down to about 2.5 minutes on average, speeding up transaction verification times. This will lead to a 90% reduction in transaction fees while increasing transaction throughput. Mining difficulty will be adjusted with the finding of each block, allowing for a smoother mining process when finding blocks and verifying transactions. So far there are no future pricings for LCC, but if we go off Litcoin's price of $160, and holders of LTC will receive 10 LCC for every 1 LTC, that puts each Litecoin Cash coin at around $16 US Dollars. This is just a guess as to what the price will be, but I am sure that as the Fork nears, a price will soon be listed on something like Coinmarketcap.com.

This is not investing or trading advice. This is simply information with relevant links for you to do your own research and diligence.

Stay tuned for more information coming soon!

UPDATE: As of now, it looks like the Fork will take place on late Sunday February 18, but this is not certain yet.

02/12/18
Hive account@streetstyle

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