Welcome to BitCast! Today let’s take a look Litecoinclassic, I don’t much about this coin so let’s learn together.
Litecoinclassic(LCC)
FULLY DEFLATIONARY
Litecoin Classic entirely removes mining from the equation by using direct acyclic graphs to secure and confirm transactions - no more centralised powers and fair distribution ensures that Litecoin Classic is fully deflationary; The supply is always a constant.
Analytics
To help ensure adoption, Litecoin Classic will be added to as many exchanges as possible, heightening both, market exposure and ease-of-access.
Payments
With Litecoin Classic, transactions are completely free - 0% fees. Furthermore, the network ensures that with more transactions, confirmations actually get faster; Making Litecoin the most scalable cryptocurrency in the history of decentralisation.
About
Due to the overwhelming influx of interest into the cryptocurrency industry, it is absolutely vital that cryptocurrencies are able to scale; With the current 'scrypt-based' system that litecoin runs on, many issues arise regarding scalability - the currency is limited to how many transactions that can get confirmed in a 'series' blockchain.
Litecoin Classic completely solves the issue of scalability by introducing a new, direct acyclic graph protocol that allows for hundreds of thousands of transactions to be confirmed per second.
Thoughts ?
The only thought I have is the fact the transactions are free, I’d like to know how fast they are as well. There’s actually a lot I’d like to know about this coin/token, that the website simply fails to entail. If anyone reading this can enlighten us on the transaction speeds and anything else not covered on the website, please let us know below⤵️. Until then I’d stay away from this coin/token. For more of my thoughts on cryptocurrency please click the bitCast link in my signature to listen to my podcast have a great day !
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BTC
1BNcjXMpgMBXqxor5gtVm8zGkVoxGndhbR
LTC
LSJb7GSSUA8dJgnT2fFEkEj5tnSgHpzd3V
ETH
0xb72878750ec2456cced30a96f817aa94ba209325
BCH
1E7RbQ2FcE8s85Xh5a6XsNvdYLTimr6PYz
The other issue that I could see if the security of the network. BTC, LTC, ETH et all have tonnes of machines hashing, and each one added adds to the security of the network (as long as they are spread out over different owners). With free transactions... mining has been removed and thus security too? I will have to dig deeper in this because everything else sounds awesome. Thanks.
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