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power2all lol
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https://medium.com/litecoincash/litecoin-cash-lcc-is-different-heres-10-reasons-why-50ec56e1717aLitecoin Cash is very different from other digital currencies in this space in many different ways. Here’s just some of the ways: We’re Uniquely Positioned: Litecoin Cash is not in competition with Litecoin. In fact, Litecoin Cash targets a different part of the market as it is mined through SHA256; the same mining algorithm as the Bitcoin Forks. This subtle difference makes Litecoin Cash the ultimate competitor to Bitcoin Cash, whilst also embodying the same open-source software as Litecoin. We’re very Cheap and Fast: Litecoin Cash has 90% cheaper transaction fees than Litecoin. This means Litecoin Cash has got the lowest price per kilobyte of data. We also have target block times of 2.5 minutes giving four times the transaction bandwidth of Bitcoin Cash. We’re High-Tech: Litecoin Cash supports SegWit (Segregated Witness) with bech32 addresses, which frees up space and capacity on our blockchain and enables more transactions to be added and stored. Litecoin Cash also supports DGW (Dark Gravity Wave) which uses multiple exponential moving averages and a simple moving average to achieve the smoother difficulty re-target mechanism. This provides security to issues like multipools as it retargets and controls difficulty after every single block. The overall benefits of DGW is that the chain becomes more secure and block times are much more consistent; despite large fluctuations in mining power. We’re helping SHA256 miners: Litecoin Cash is one of the most profitable SHA256 coins to mine due to its advanced and more effective blockchain. This was the main reason why Litecoin Cash was created, so that we can revitalise the previously obsolete SHA256 mining hardware and help these miners sustain profits over time, which is still very difficult to do in the market today. We’re very Secure: Litecoin Cash will be the world’s first SHA256 coin to utilize Hive Mining, the latest cutting-edge technology that helps to provide the ultimate protection from 51% attacks and double spending, and ensures the sustainable and long-term security of its public distributed ledger. Read more here. We’re democratising mining: Litecoin Cash is soon to be the first SHA256 coin that will democratize mining to the masses, so that anyone everywhere can start mining without the need for specialized mining hardware. Hive Mining is an innovative and never seen before agent based mining contest that’s comparable to a virtual mining rig. The idea is that you can create virtual bees via our Core Hardware wallet, these bees then live on the blockchain and during their lifecycle of 7 days will attempt to find blocks to pollinate. The bees that successfully mine are then rewarded with a percentage of the block rewards. Read more here. We’re using blockchain for good: Litecoin Cash is dedicated to making positive and powerful impact in society, and one of the ways in which we’re trying to do this is using our blockchain to store and manage electronic medical records in a secure way, as well as protecting sensitive data from hackers and giving patients more control over their information that complies with privacy regulations. Read more here. We’re leading innovation: Litecoin Cash is driven by the motto of think differently. We have the very best set of developers, thought-leaders, influencers and helpers that are all driven to be leaders and not followers. For example, Litecoin Cash is the first coin to successfully launch a space drop from 35km; Litecoin Cash is the first coin to launch Hive Mining. We embody a sense of purpose in our coin. Read more here. We’re working on scalable solutions: Litecoin Cash is a strong believer that decentralized, peer-to-peer and trustless systems will be the future of currencies, however we have a long way to go. That is why we are working on making second layered implementations to our blockchain such as the Lightning Network, which is a payment protocol that enables us to have faster and cheaper transactions at a global level. We are also planning to adopt Atomic Swaps (Or Atomic cross-chain trading) to facilitate the exchange of one cryptocurrency to another cryptocurrency quickly safely and securely without the need to trust a third-party. We’re paying with LCC: Cryptobar, on Tenerife, was the very first brick-and-mortar location to accept Litecoin Cash. They’ll be happy to let you pay your tab with LCC, and will even make you a delicious Litecoin Cash Spring Pizza. Our ultimate vision is to become a globally accepted payment system; focusing on e-commerce, remittance, lending and micro-finance. Alongside this, our hybrid network of SHA256 and Hive Mining allow us to continuously have high stable hash rates making it very attractive for retailers and merchants alike #PaywithLCC.
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Litecoin Cash is the first fork of Litecoin, and we've taken it back to its Bitcoin Roots (changed Scrypt mining to SHA256). This means that we not only have the most profitable SHA256 coin (according to whattomine.com) in the market, but we're cheaper, faster and are leading in innovation amongst other Bitcoin Forks, especially BCash. Since the fork, we've been very much hard at work - looking at the internal business sides of things and working to build a solid core foundation at Litecoin Cash. And we can see this already at a core business level - we've been looking at our internal value chain and improving our operations and core capabilities to be able to innovate and differentiate the Litecoin Cash brand.
At a Product Level - We're the first coin to introduce an entirely new and innovative mining system - HiveMine - to strengthen our mining network security against the recent upsurges in 51% attacks. Now, HiveMine is an alternative method of mining to PoW and PoS, but the benefits is that it allows anyone and everyone to validate transactions on the blockchain - so you don't require specialised mining equipment - this opens up a whole potential for an new market segment for us to target which is big news. So essentially, HiveMine and PoW will work together as a hybrid solution to allow us to eliminate 51% attacks from our network whilst also democratising the mining process.
At a Marketing level - Litecoin Cash is positioned uniquely in this market. Because we hard forked off Litecoin we essentially embody Litecoin's technology but because we changed the mining algorithm from Scrypt to SHA256 - which is the same mining algorithm as Bitcoin - Litecoin Cash now embodies the genetics of Bitcoin - so we're this hybrid coin and this is massive in terms of market potential as we're positioned directly in the middle of both of these communities which we can leverage to increase our market cap over the long term.
At a Community level - We're the first coin to be listed on 8 exchanges within the first 2 months of launch and we're growing, we have over 20 mining pools, and our customer base is increasing day by day on all our social media platforms - telegram, discord, reddit, twitter - and so we are starting to see more and more people tune in to the developments of Litecoin Cash as well as having a great team that helps and assist people every day. We're also the first coin to do an actual real life space drop - you hear people doing airdrops all the time but we wanted to do something unique and different - and so we essentially we launched a small hot air balloon in Sheffield (UK) carrying over 160,000 LCC golden tickets, and we dropped them from an altitude of 32km from the skies of Britain on the 17th of May - and so this just shows one of the ways in which we are thinking differently in this space and innovating.
At a Partnership level - we've been looking at ways to improve our supply chain by forwarding integrating as well as backward integration, to help lower our costs and maximise our returns over the long term. So what we've started to do is on the forward end of our supply chain, we've partnered with a media outlet to improve our end-to-end user communication, we've also partnering with a card provider and vendor merchants to help bring our product closer to the end consumer. On the back, we've started to see more partnerships with blockchain suppliers, one of them are an AI and virtual reality platform.
So currently, in terms of our development plans - we're still working towards our short term roadmap - so far we've released our whitepaper and full and light wallets, what's next are our rebase 0.16 which is nearly complete now, as well as mobile wallets, and then we will start to see HiveMine being integrated within our blockchain, as well as future atomic swaps, hardware wallets as well as the lightning network. In terms of long term development plans, we will be releasing an more updated roadmap on our website detailing our future strategies - our end goal is to become a global currency, with real adoption and end use case - so you can pay with Litecoin Cash. We're a digital currency and we need to strive for mass adoption.
So over the coming few months, we will be looking at our product development moving forward - so making modifications to our product and overall differentiating our brand in this space to overall increase the value to the end customers and consumers - maybe even looking at interoperability as an option and working closely with Bitcoin in the future. We're also looking at more market penetration - so currently we're on 9 exchanges - Hitbtc being our most recent exchange and we're always looking to be listed on more - we've got Binance and Bitbrothers both still in application, and on our eyesights for the future are: Bittrex, Upbit, Bithump, Bitfinex, Coinbase and most others - so essentially we want to keep penetrating and growing the customer base as well as improving our distribution network and marketing efforts.
We're also looking at market development - so targeting new markets and reaching new customer segments - we're going to be doing some cool stuff with the chinese market in the near future - which plays a big market in cryptocurrency, as well other emerging markets such as the japanese, south korean, european, american and australian markets - we also want to target new segments - such as institutional investors and different stakeholders, and I've been getting to meet more and more of these people from the blockchain conferences I've been attending around the world.
Our goal at the moment is to continue building a strong foundation, trying to cut costs and embed value in every part of our business, and this will allow us to build knowledge and market awareness so that we are able to sustain growth over time - we're going to be making a lot of disruptive noise in the future so we want to be sure we have the best product first. Overall, we're at a good stage but we will need to continue our hard work.
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Litecoin Cash is the first fork of Litecoin, and we've taken it back to its Bitcoin Roots (changed Scrypt mining to SHA256). This means that we not only have the most profitable SHA256 coin (according to whattomine.com) in the market, but we're cheaper, faster and are leading in innovation amongst other Bitcoin Forks, especially BCash. Since the fork, we've been very much hard at work - looking at the internal business sides of things and working to build a solid core foundation at Litecoin Cash. And we can see this already at a core business level - we've been looking at our internal value chain and improving our operations and core capabilities to be able to innovate and differentiate the Litecoin Cash brand.
At a Product Level - We're the first coin to introduce an entirely new and innovative mining system - HiveMine - to strengthen our mining network security against the recent upsurges in 51% attacks. Now, HiveMine is an alternative method of mining to PoW and PoS, but the benefits is that it allows anyone and everyone to validate transactions on the blockchain - so you don't require specialised mining equipment - this opens up a whole potential for an new market segment for us to target which is big news. So essentially, HiveMine and PoW will work together as a hybrid solution to allow us to eliminate 51% attacks from our network whilst also democratising the mining process.
At a Marketing level - Litecoin Cash is positioned uniquely in this market. Because we hard forked off Litecoin we essentially embody Litecoin's technology but because we changed the mining algorithm from Scrypt to SHA256 - which is the same mining algorithm as Bitcoin - Litecoin Cash now embodies the genetics of Bitcoin - so we're this hybrid coin and this is massive in terms of market potential as we're positioned directly in the middle of both of these communities which we can leverage to increase our market cap over the long term.
At a Community level - We're the first coin to be listed on 8 exchanges within the first 2 months of launch and we're growing, we have over 20 mining pools, and our customer base is increasing day by day on all our social media platforms - telegram, discord, reddit, twitter - and so we are starting to see more and more people tune in to the developments of Litecoin Cash as well as having a great team that helps and assist people every day. We're also the first coin to do an actual real life space drop - you hear people doing airdrops all the time but we wanted to do something unique and different - and so we essentially we launched a small hot air balloon in Sheffield (UK) carrying over 160,000 LCC golden tickets, and we dropped them from an altitude of 32km from the skies of Britain on the 17th of May - and so this just shows one of the ways in which we are thinking differently in this space and innovating.
At a Partnership level - we've been looking at ways to improve our supply chain by forwarding integrating as well as backward integration, to help lower our costs and maximise our returns over the long term. So what we've started to do is on the forward end of our supply chain, we've partnered with a media outlet to improve our end-to-end user communication, we've also partnering with a card provider and vendor merchants to help bring our product closer to the end consumer. On the back, we've started to see more partnerships with blockchain suppliers, one of them are an AI and virtual reality platform.
So currently, in terms of our development plans - we're still working towards our short term roadmap - so far we've released our whitepaper and full and light wallets, what's next are our rebase 0.16 which is nearly complete now, as well as mobile wallets, and then we will start to see HiveMine being integrated within our blockchain, as well as future atomic swaps, hardware wallets as well as the lightning network. In terms of long term development plans, we will be releasing an more updated roadmap on our website detailing our future strategies - our end goal is to become a global currency, with real adoption and end use case - so you can pay with Litecoin Cash. We're a digital currency and we need to strive for mass adoption.
So over the coming few months, we will be looking at our product development moving forward - so making modifications to our product and overall differentiating our brand in this space to overall increase the value to the end customers and consumers - maybe even looking at interoperability as an option and working closely with Bitcoin in the future. We're also looking at more market penetration - so currently we're on 9 exchanges - Hitbtc being our most recent exchange and we're always looking to be listed on more - we've got Binance and Bitbrothers both still in application, and on our eyesights for the future are: Bittrex, Upbit, Bithump, Bitfinex, Coinbase and most others - so essentially we want to keep penetrating and growing the customer base as well as improving our distribution network and marketing efforts.
We're also looking at market development - so targeting new markets and reaching new customer segments - we're going to be doing some cool stuff with the chinese market in the near future - which plays a big market in cryptocurrency, as well other emerging markets such as the japanese, south korean, european, american and australian markets - we also want to target new segments - such as institutional investors and different stakeholders, and I've been getting to meet more and more of these people from the blockchain conferences I've been attending around the world.
Our goal at the moment is to continue building a strong foundation, trying to cut costs and embed value in every part of our business, and this will allow us to build knowledge and market awareness so that we are able to sustain growth over time - we're going to be making a lot of disruptive noise in the future so we want to be sure we have the best product first. Overall, we're at a good stage but we will need to continue our hard work. We will see more partnerships and integration as we continue growing, expanding and modernising our brand.
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The coin is the strongest in the niche of SHA-256 cryptos. In terms of efficiency, speed and security its top. I have never seen such a strong community support in an early stage. While BTC is facing many challenges due to there limitations my partner and I came to the conclusion that all the hardware of miners that is out needs to go somewhere and as BTC has exponentially increasing energy consumption while less and less coins get out. LCC might observe a big part of the bitcoin infrastructure as its compatible. And while analysing the market we didnt find any other so strong SHA-256 coin. And the future growth of the entire scene will be huge.
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I wonder When will LCC be listed on bigger exchanges? Any chance anytime soon on brittrex?
never ever gonna happen, no chance ...said the doubters of something new like bitcoin back in the day. So you are saying you want the status quo of the system to prevail? or am I reading that wrong? Is your opinion centralised to yourself or outwardly obfuscated to the detriment of the broader crypto community? based on a small community & knowing the listing fees on major exchanges, LCC will hardly be listed on those What do you think, what is the minimum threshold members or followers on twitter, discord or telegram is required for a jump from small community to big or huge community. See these: https://t.me/litecoincashofficialhttps://discordapp.com/invite/F2nZXnWhttps://twitter.com/litecoinfork?lang=en
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I am not sure that Litecoin Cash fork has any value in this world. Experts talking about big crash of such useless forks. They even mentioned Binance on the website, not really good way to make some hype. Such big exchanges won't list shitcoin.. You old_man stay in your limits.. Daddy's don't know crypto, its not their thing so stay out of it and don't talk rubbish about the thing you don't know even 'ABC' of it.
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