No, 'Litecoin Cash' Isn't Bitcoin Cash All Over Again || Litecoin 🌎

So tweeted litecoin creator Charlie Lee in response to the launch of litecoin money, a cryptocurrency that is expected to turn out from his project, the fifth largest cryptocurrency by total worth, next weekend, taking its code and group action history with it. Continuously outspoken, Lee went on to decide the project a "scam," warning users: "Don't fall for it."

His harsh comments would possibly return as a surprise since litecoin cash's developers admit they need no ties to the official litecoin project and do not significantly see it as a rival.

Much a similar as an alternative comes "forking" to make a replacement cryptocurrency, litecoin cash's developers claim they merely need to use AN existing codebase to make a more modern and higher sort of on-line exchange. Also, by dynamic litecoin's underlying mining formula to the one bitcoin uses, they argue litecoin money can bring new life in recent, abandoned mining instrumentality during a reasonably strange utilization try.

But whereas developers claim that is the motivation, users appear principally inquisitive about the "free" cash.

Already, AN flow of consumers on additional consumer-friendly exchanges is driving the value of litecoin to notable highs, partially as a result of, owing to the mechanics of the fork, any user WHO owns litecoin at the time of the fork can in real time have some of litecoin money.

Bolstering this read is that the name "litecoin money," an understandable relevance the palmy fork bitcoin money, the profitable project that sparked the wave of forks carrying into 2018.

And litecoin cash's lead developer Tanner, WHO didn't provide his full name, admits the project named it in and of itself to draw additional attention.

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