Litecoin Cash presents itself as a faster, cheaper cryptocurrency, easier to be mined with a more simple technology than its competitors
Ripple stabilizes while awaiting new money inflows. $0.81 mark is the level to break to recover bullish strength. Litecoin Cash (LCC) has been introduced to the market after forking from Litecoin. This hard fork apparently offers some advantages that might be very attractive for the markets. Most of all, a certification speed of just 2.5 minutes instead of the usual 10 minutes. Moreover, LCC can be mined with technology that it no longer works for Bitcoins, cheaper and with less energy consumption. Litecoin holders will receive 10 LCC for each LTC they have.
The analysis found that since 2017, bitcoin payments have become economically infeasible due to a tenfold increase in transaction cost that can account for as much as 30% of smaller payment amounts. The slowness of transactions was also cited.
One Russian dark web user released a statement advising vendors they had to find an alternative to bitcoin to keep his business. The average transactions in the underground economy begin at between $50 and $300. Speed of payment is important on the dark web, as delays increase the risk of being cheated. The prospect of having to wait up to 24 hours to confirm transactions, along with high payment fees, has rendered bitcoin payments unusable for many dark web users.
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
Current Price: $150.27 USD
Market Cap: $8,283,822,891 USD
Circulating Supply: 55,125,158 LTC
Max Supply: 84,000,000 LTC
Perry’s nails are now decorated with 3D images of five cryptocurrencies superimposed over a background of US dollar bills: the currencies are Bitcoin, Ethereum, Litecoin, Stellar and Monero. The singer did not disclose the reasons behind her selection.
The post – captioned “$—CrYpTo ClAwS—$” – has managed to amass over 150,000 likes.
Perry has also tagged the Instagram accounts of all five cryptocurrencies – ethereum_updates, litecoinofficial, bit, stellarlumens and moneroofficial.