When will Litecoin fork (When can Litecoin be withdrawn)?
When will Litecoin fork and when will Litecoin fork? The first hard fork of LTC
When will Litecoin fork and when will Litecoin fork? The first hard fork of LTC (Litecoin) was carried out on October 18, 2016, at block height 630,000 (Bitcoin network). If the hard fork is successful, all data will be removed from the blockchain database. If the hard fork fails, it will result in the “miners” being unable to mine blocks normally. Therefore, to prevent 51% attacks and destructive actions by hackers on the network, it is necessary to address this issue through a proof-of-work node composed of multiple clients. This means that no such events will occur before the mainnet goes live, so there is no need for excessive controversy.
When can Litecoin be withdrawn?
According to official sources, when can LTC be withdrawn? According to the latest news, the Litecoin Foundation will announce how to handle Litecoin held in wallets to the community through a conference call on August 25th (Thursday). As of the time of writing, there are already more than 2,000 addresses waiting to claim their assets, but these are all unfinished processes and preparations. If necessary, some Litecoin will be extracted from exchanges and stored in a non-custodial wallet first. Specific timing will be determined according to the official website. (BlockBeats note: This website is launched by the blockchain security company PeckShield, aiming to protect the trading information and all related data of cryptocurrency users.) Therefore, please make sure to deposit or withdraw before November 26th, 2018, and choose the most suitable time for deposits and transfers.
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