What is the Litecoin Cash fork? Everything you need to know!

What is Litecoin Cash? Everything you need to know!

Litecoin Cash (LCC)

Website Team FAQ Wallets News Updates Exchanges Github Source Code

Litecoin Cash Price:

SHA256 Mining - After the fork block, Litecoin Cash switched to SHA256 proof-of-work hashes. This enables a new use for previously obsolete Bitcoin mining hardware.

Network Resilience - Mining difficulty is recalculated every block, using Evan Duffield's proven DarkGravity V3 algorithm from Dash. This provides more predictable block times as well as network protection from multipool hopping.

Optimised for the Real World - Target block time of 2.5 minutes gives 4 times the transaction bandwidth of Bitcoin, while transactions are 90% cheaper than Litecoin.

Slow-Start Control - To prevent dominant early miners having an unfair advantage, block rewards will start at 0.25 LCC and grow to 250 LCC over the first 2000 blocks after the fork. The first 24 blocks after the fork will be mined at minimum difficulty. After this, DarkGravity will adjust the difficulty based on observed block generation time. The 250 LCC block reward (equivalent to 25 LTC) will halven at the same chain heights as Litecoin.

Small Premine - An equivalent amount to less than 1% of circulating money supply (less than 0.65% of total money supply) at fork time was paid to a development fund.

Compared to Litecoin: Litecoin Cash has lower transaction fees, better difficulty adjustment, and is mined with SHA256.
Compared to Bitcoin: LCC is much faster and cheaper, and has far more bandwidth and better difficulty retargeting.
Compared to Bitcoin Cash: Litecoin Cash supports Segwit, and has much faster block times.

Fork Symbol: LCC
Litecoin Cash Fork Date: 2018-02-18 00:00:00
Fork Block: 1371111
Forked From: Litecoin
Total Coin Supply: 840,000,000
Total Public Coin Supply: 840,000,000
Pre-Mined Coins: 0
Mining Algorithm: SHA256
Mining Hardware: CPU/GPU
Attention! Do you want to report an error, or make a change to this listing? Email us: [email protected]