XRP XRP to Litecoin Cash LCC Exchange

Crypto Pair Details: XRP to LCC

XRP XRP

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time. Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count. Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon. In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense. XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.

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.

SOURCE: COINGECKO

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