The Litecoin community is buzzing about upcoming Litecoin hardfork

The Litecoin community is buzzing about upcoming Litecoin hardfork that will produce a new digital asset – Litecoin cash. According to the announcement on the bitcointalk forum on February 3, Litecoin developers team is preparing a fork that will take place on Sunday, February 18 (at first it was scheduled on February 19). Anyone holding Litecoin will get ten times that amount of Litecoin Cash. Litecoin fans are puzzled as they do not see any clear reason for this branching out. Unlike Bitcoin, it has never experienced issues either with transaction time or with high fees. While fork does not solve any practical problems encountered by cryptocurrency users, it will be convenient for legacy Bitcoin SHA256 mining hardware users. The team behind the fork is anonymous: no full names, no links to social media accounts are provided, which is also rather suspicious.

Reference: https://www.fxstreet.com/news/litecoin-price-is-down-4-on-the-day-amid-rumors-about-upcoming-litecoin-cash-fork-201802090811

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