Linkcoin.pro Review Is LinkCoin A Legit Investment Or Scam

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Lisk Coin Review: Is It a Scam or Not?

About Lisk

Lisk is another cryptocurrency based on blockchain network. It was launched on 24 th May 2020. Its tokens are called LSK. After one month, Lisk achieved the eighth biggest global market capital in the amount of 45 million dollars. It’s quite enough for you to believe in it.

To keep your money safe, you need to download the Lisk Wallet from their official website. Do not forget to save the private key you receive. Make sure you follow correctly all the steps. You can exchange the altcoins into LSK on Bittrex or Poloniex after what you are free to start creating and developing.

The innovation of Lisk blockchain

Lisk is the “first modular cryptocurrency that uses sidechains”. This means that the algorithm uses modules architecture and construction. Lisk seems to have a friendly interface. It allows every user to build their own decentralized application. All you need to know is JavaScript programming language. It is a widely-spread software, so we guess there will not be a problem using it.

Sidechain represents an extension to the original blockchain. It can be annexed to independent blockchains and even take the place of a new page. Your transactions’ volume will not get mixed with the main blockchain. This innovation makes the network work faster all time.

The Advantages of Lisk blockchain

– The Lisk blockchain is a decentralized network. The company is encouraging all the developers and programmers to get involved in creating their own application with Lisk‘s software. This one isn’t difficult, you just need to know the JavaScript programming language. For a developer, this is like designing a WordPress template;

– The Lisk community is one of the friendly ones. The Lisk team promotes the communication between the back interface of the platform and users. Each month you can take part of a live Q&A YouTube session. It’s a great opportunity to find out the real answers to your questions;

– The Lisk blockchain works with sidechains. This means that none of user’s actions will affect the main chain. A user can create its own tokens and manage them individually.

The Disadvantages of Lisk blockchain

– It can become overloaded because of too many bad transactions. The network gets slower and the blocks are filled faster. This process is called “bloated” network;

– There are a lot of users that do not trust in Lisk blockchain. So, the negative feedback can damage their brand.

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Conclusion

The project can be appreciated as it is still in its young ages. Users need more time to accommodate with the advanced technology. It is exciting to know that you can create your own applications and tokens on the same blockchain, but without damaging the entire main chain. This is a revolutionary technology for existing developers and cryptocurrency enthusiasts. Do not judge the project only by all the negative rumors, it is not a scam.

Litecoin Cash: Scam or Legit?

The coin took off from $1.40 to $5 on the first day of trading.

Hard forks have become very common in the crypto space lately. Recently, a new coin – Litecoin Cash – has been launched after hard forking from the popular Litecoin blockchain.

Many in the crypto community raised their eyebrows at this project, as unlike with Bitcoin Cash and Ethereum Classic, there were no serious arguments within the Litecoin community. However, this type of split is completely legitimate and even very common in the crypto industry.

Tech specs: similar to Litecoin?

Late on Sunday, February 18th (EST), Litecoin Cash (LCC) was formed after a hard fork on the Litecoin blockchain at block number 1,371,111. Similar to other hard forks, each Litecoin holder is entitled to have LCC at a ratio of 10:1 i.e. 10 LCC for every 1 LTC.

Unlike Litecoin, LCC is using SHA-256 hashing algorithm similar to Bitcoin. This is probably to attract the miners with obsolete hardware, which are now outdated for mining Bitcoin. Litecoin uses Scrypt for hashing.

Moreover, with a view to prevent pool hopping, LCC has implemented DarkGravity V3 algorithm from Dash to recalculate the mining difficulty at every block.

The miners can mine the first 24 blocks with minimum difficulty, which will reduce the disproportionate advantage to the early miners. However, the devs have premined less than 1% of the circulating supply and kept them for development funds.

Similar to Litecon, the block creation time of LCC is mere 2.5 minutes, however, LCC team is claiming that LCC transactions will be 90% cheaper than LTC. Moreover, LCC has implemented Segregated Witness (SegWit) since its inception.

Is it a scam or legitimate?

Unlike forks on Bitcoin or even Ethereum, Litecoin had no need to conduct a hard fork, at least for now. So the announcement of Litecoin Cash on February 3rd created a lot of stir in the community, as the team did not offer an exact reason for the fork. Litecoin creator Charlee Lee himself tweeted that he and his team have nothing to do with the upcoming hard fork and warned about the possibility of it being a scam.

PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there! https://t.co/qXbiIxp5Al

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However, the LCC team is not doing anything wrong as far as the creation of a new coin by hard forking a previous one is concerned, as this is a very common practice.

Moreover, LCC team took to Twitter to call out scammers and announced that LCC will never store or ask for private keys.

We will never ask you to enter private keys on the website!
This is not us. https://t.co/8NDAy0nSdN#LitecoinCash #SCAM

The team assured that they will soon put the source code of the project on Github for public display. The project is also getting support from the wallet platform Coinomi, however, the team is developing their own wallet.

Announcing support for $LCC Litecoin Cash, $LTC’s upcoming fork. To receive your free $LCC make sure you keep your $LTC inside you #Coinomi wallet at block 1,371,111. You will receive 10 #LitecoinCash for every $LTC you hold inside Coinomi during the fork! #litecoin #fork pic.twitter.com/TVojAmZhI9

At this initial stage, four crypto exchanges – Yobit, MercatoX, TradeSatoshi, MeanXTrade and CryptoBridge – listed the coin. Except for CryptoBridge, all will automatically credit LTC holders with LCC.

Though most of the development team has included their names and photos on the official LCC website, they did not share their public profiles. Though this does not in itself add or detract from the legitimacy of the project, with so many scam projects floating around, it has become crucial to be able to check the credibility of the team backing a project.

Final take

Since 2020, ‘initial fork offerings’ have become very popular in the crypto space. Many developers launch forked versions of already popular coins to get an initial boost in the market.

After the success of Bitcoin Cash, many side projects like Bitcoin Gold, Bitcoin Diamond and Bitcoin Candy have popped up. Litecoin also has its fair share of spin projects like Litecoin Plus and Litecoin Gold. Litecoin Cash seems to be one of these attention seeking stunts.

Чарли Ли: Litecoin Cash – это скам

На этой неделе основатель сети Лайткойн Чарли Ли призвал общественность к тому, чтобы не доверять и не инвестировать в сомнительный форк Лайткойна под названием Litecoin Cash. Новая версия, по-видимому, не имеет ничего общего с оригинальным LTC и просто использует популярное имя криптовалюты, чтобы вызвать к себе незаслуженный интерес.

Одна из главных проблем с криптовалютой на данный момент заключается в том, что каждый может запустить свой собственный форк и собрать с людей деньги без каких-либо обязательств.

Целью несвязанного с основной сетью Лайткойна форка, по заявлению его авторов, является увеличение скорости, с которой сеть может обрабатывать транзакции. Создатели утверждают, что транзакции в Litecoin Cash подтверждаются за 2,5 минуты, что быстрее, чем у LTC, а транзакционные сборы при этом на 90% дешевле.

Харфорк произойдет на блоке 1371111, около 19 февраля, но Ли и команда Лайткойна говорят, что форк не имеет ничего общего с оригинальной сетью.

«Команда Лайткойна и я не разветвляли Лайткойн. Любые форки, о которых вы слышите – это скам, пытающийся запутать вас, чтобы вы думали, что он связан с Лайткойном. Не доверяйте им и определенно не вводите на их сайтах свои личные ключи или сид. Будьте осторожны! «, – пишет Ли.

PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there! https://t.co/qXbiIxp5Al

«Эти мошенники даже заблокировали меня вместо того, чтобы ответить на мои сообщения. Так что я даже не вижу своих постов. Ситуация действительно выходит из-под контроля», – пишет Ли в другом посте.

Одна из самых больших «приманок», которыми пользуются форки – это обещание бесплатных монет, эквивалентных количеству монет «форкнутой» валюты на счету пользователя. В данном случае, щедрость просто королевская: за одну монету LTC на вашем счету обещают 10 бесплатных токенов LCC. Для того, чтобы получить бесплатные монеты в свой кошелек, закрытый ключ от ваших LTC должен быть импортирован в кошелек Litecoin Cash, что, очевидно, рискованно и неприемлемо.

На веб-сайте Litecoin Cash выбор имени проекта объяснен следующим образом:

«Мы используем имя Лайткойна просто потому, что за последние месяцы стало принято ставить в название форка имя сети, блокчейн которой порождает форк, в качестве префикса. Эта практика широко используется сообществом. Мы не связаны ни с Чарли Ли, ни с кем-либо еще из команды Лайткойна, хотя и являемся большими их поклонниками».

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