Litecoin Cash LCC to Aave LEND Exchange

Crypto Pair Details: LCC to LEND

Litecoin Cash LCC

Litecoin Cash is an open source, peer-to-peer digital currency based on SHA-256 proof-of-work hashes. It’s also the world’s first blockchain to utilize HiveMine, 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. The Litecoin Cash blockchain also has practical uses such as in the medical sector as it stores and manages 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. LCC's target block time of 2.5 minutes gives 4 times the transaction bandwidth of Bitcoin, while transactions are 90% cheaper than Litecoin. HD wallets and native SegWit with bech32 addresses are fully supported Litecoin Cash was forked from Litecoin on 18 Feb 2018 at block 1371111, with a 10:1 Claim Ratio. For every 1 LTC held at the fork block, LTC holders could claim 10 LCC. If you held LTC at block 1371111 but haven't claimed yet, your LCC are still waiting for you! After many months of testing on tetnet The Hive became active on mainnet on Wednesday 6 Feb. 2019 The Hive is our brand new democratised mining concept, which feautures negligible energy cost and will help to. protect the coin against 51% attacks. Users create bees, agent-based mining workers which earn rewards for their owners.

Aave LEND

Aave is a decentralized lending platform that runs on Ethereum Network which offers secure, peer-to-peer lending Smart Contracts. Aave strives to break through the traditional bank loans system with a more efficient solution. Aave also uniquely allows a borrower and a lender to decide on important loan details that can eliminate the need of a middle man. Due to the elimination of middlemen, process fee for a loan does not exist on this platform. This provide convenience to any lender and borrower to create loans on their agreed terms. Decentralized lending has fixed many issues and one of the reasons why is the transparency of loan. The Ethereum network provides a transparent ledger where all transactions are available to be inspected. Secondly, it isn’t necessary to find a trusted loan provider because all collateral which is the digital asset for loans are stored and locked in a smart contract and broadcasted on the public ethereum blockchain. It is also flexible for borrower to manage the collateral by refilling or withdrawing part of it. Borrower may make such changes when the lender is notified and aware of such movement. If the lender finds out that the action is not communicated, the lender is allowed to initiate a margin call. This year, Aave has made a major upgrades in its Q1 2018. They have deployed the new development for their peer-to-peer lending application named Alpha 0.3. The development process of Alpha 0.3 has started since the early of 2017. The new release also includes a completely new user interface which targets to lower the learning curve of user experience on the app. Furthermore, the new user interface has new sections to make lending process simpler such as including a ‘My Loan’ section, collectible badges and more. Other than that, the team is also in the process of developing more updates for the smart contracts. Hence, the team has decided to provide zero-fee lending with the use of LEND token as a medium of exchange, as an alternative to borrowing in Ethereum. The purpose of this is to provide a cross-blockchain lending currency which will prompt users to use LEND as the medium of exchange.

SOURCE: COINGECKO

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