When I heard that Litecoin was going to fork off a coin called Litecoin Cash I thought to myself, here we go again!!! Since the Bitcoin Hardfork of Aug 2017, where Bitcoin split in 2, forming the Bitcoin chain and the Bitcoin Cash chain, there have been some ridiculous forks happening.
Bitcoin Gold, Bitcoin Private, Bitcoin Diamond to name a few. With a lot of these forks, the coins do not really make it in the "real world." Litecoin Cash forked in early 2018 and all LTC holders got 10x what they were holding in Litecoin in the form of litecoin cash. At the time, I was holding 5 LTC or something like that... so, I have (yet to claim) 50 LCC!
I wasn't going to go through the rigamarole of claiming my coins until they hit some form of legitimacy. It would appear that LCC has made it.
(
(photo from coin market cap.com)
Granted, the coin still does not hold much value, it is listed and has a (however small) value. It looks like I have somewhere near $2 of LCC to claim!!!
The big news is not that LCC is here and has value, the big news is, that at the time of writing this article, LCC is at the top of SHA 256 mineable coins!
(photo from coinwarz.com)
What does this mean???
Currently, if you have a machine that can mine SAH256 coins (aka Bitcoin), you will get more value (or more Bitcoin) from mining LCC than any other SHA256 coin.
That is a pretty big deal! I am not sure how long it will remain on top, as miners tend to cycle through top coins, thus increasing difficulty and lowering profits... nonetheless, it appears that LCC has been a successful fork and has not disappeared into coin market oblivion.
Right thoughts you have @thewitness, and set them cool
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