Unlike Bitcoin, it's unclear why Litecoin really needs a hard fork. It does not need to urgently expand the network or upgrade to make Litecoin transactions faster or cheaper.
In fact, the Litecoin Cash team is being warned as a “scam” with a series of Twitter posts related to it. Currently, creating a scam project from open source and announcing it as a hard fork of a certain coin is not a new trick in the market, even for the cryptocurrency market or the market. blockchain. Litecoin Cash is developing its own QT wallet and the project's website promises its source code will appear on GitHub
So if anyone thinks this is an unorthodox or unnecessary hard fork, let the market determine their value.
Diversity.
Litecoin - Max. Supply 84,000,000 - Scrypt - PoW
Litecoin Cash - Max. Supply 840,000,000 - SHA-256 - PoW
Bitcoin - SHA-256 - PoW
Litecoin Cash is building the market connection beetween Bitcoin and Litecoin, through SHA-256 mining.
Litecoin Cash does Litecoin even more interesting.