LITECOIN CASH: AN UNAUTHORIZED FORK FROM LITECOIN (LTC)
14 February 2018 Crypto News
Cryptocurrency Litecoin Cash to Fork From Litecoin
by Darcy Butcher | Pacific Rim International |
A new fork from Litecoin will produce Litecoin Cash (1 Litecoin will yield 10 Litecoin Cash).
LITECOIN CASH
Litecoin Cash is coming but apparently there is some controversy. Charlie Lee claims there is no such fork. That being said, here is the information out on the web. Please verify any interest or action with this process.
The Litecoin Cash team says "For every 1 LTC you hold at block 1371111, you can claim 10 LCC" I think this is how to safely get you free LCC without being Scammed if The Father is right.
Coinbase reports that Litecoin founder creator Charlie Lee and the litecoin community have continued to dismiss the project (he even took to Twitter to discount the project), calling it a "scam" meant to confuse litecoin owners. Bitcoin similarly boomed on the release of a rival blockchain called bitcoin cash last year, though there were perhaps more stark differences between the two technologies, both propelled by competing ideologies.
Closer analysis shows the LTC price increase has been bolstered by strong volumes from Coinbase's GDAX exchange, a sign less-savvy consumers may be active in the market.
HOW TO FORK YOUR LITECOIN
First, always practice safe forking. That means you must never paste private keys that hold funds into ANY website or wallet in order to claim fork coins -- including Litecoin Cash. After the fork, FIRST move your #LTC to a new address, THEN use the private key from the "old" address to claim your LCC.
Here is one way someone preps their LTC in order to be ready to receive the new Litecoin Cash tokens.
Not all sites (exchanges will distribute earned fork). To assure claim the tokens must be in possession, in other words owners must have their private key.
Thank you Jsnip for this tutorial on how to safely claim #LitecoinCash:
#LitecoinCash #LTC #airdrop #cryptocurrency
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