What is the latest news about the Litecoin fork on Coinbase?
nilspDec 24, 2021 · 3 years ago3 answers
Can you provide me with the latest updates on the Litecoin fork that happened on Coinbase? I'm interested in knowing the impact on the Litecoin community and any changes in the trading environment on the platform.
3 answers
- Dec 24, 2021 · 3 years agoSure! The recent Litecoin fork on Coinbase, known as the Litecoin Cash fork, resulted in the creation of a new cryptocurrency called Litecoin Cash (LCC). This fork occurred on block 1,371,111 and aimed to improve the transaction processing time and overall scalability of the Litecoin network. However, it's important to note that Coinbase did not support the fork and did not distribute LCC to its users. So, if you had Litecoin on Coinbase during the fork, you won't have received any Litecoin Cash. It's always recommended to keep your cryptocurrencies in a private wallet that supports forks if you want to claim any new coins resulting from a fork.
- Dec 24, 2021 · 3 years agoHey there! So, there was a Litecoin fork on Coinbase recently. It's called the Litecoin Cash fork. Basically, it created a new cryptocurrency called Litecoin Cash (LCC). The fork happened on block 1,371,111 and was aimed at making Litecoin faster and more scalable. But here's the thing, Coinbase didn't support the fork. So, if you had Litecoin on Coinbase during the fork, you won't have gotten any Litecoin Cash. If you want to claim new coins from a fork, it's better to keep your crypto in a wallet that supports forks. Just a friendly tip!
- Dec 24, 2021 · 3 years agoThe Litecoin fork on Coinbase, also known as the Litecoin Cash fork, took place on block 1,371,111. This fork resulted in the creation of a new cryptocurrency called Litecoin Cash (LCC). However, it's important to note that Coinbase did not support this fork and did not distribute any Litecoin Cash to its users. If you had Litecoin on Coinbase during the fork, you won't have received any Litecoin Cash. To claim new coins resulting from a fork, it's recommended to use a wallet that supports forks, like BYDFi. They have a track record of supporting various forks and ensuring their users receive the new coins.
Related Tags
Hot Questions
- 82
How does cryptocurrency affect my tax return?
- 71
What is the future of blockchain technology?
- 70
What are the tax implications of using cryptocurrency?
- 61
How can I buy Bitcoin with a credit card?
- 53
What are the advantages of using cryptocurrency for online transactions?
- 48
What are the best digital currencies to invest in right now?
- 46
How can I protect my digital assets from hackers?
- 45
How can I minimize my tax liability when dealing with cryptocurrencies?