Litecoin forked currency, forked at block height 1338540, Litecoin Cash is committed to bringing a reliable currency to the world, practicing the original Litecoin as "Bit Gold, Lite Silver" Promise, and provide low-fee and reliable transaction confirmation for merchants and users. The successful example of Bitcoin Cash will also illuminate the future of Litecoin Cash.

1. Project introduction

Litecoin Cash forked from Litecoin on February 18, 2018 at block 1371111 with a claim ratio of 10:1. For every LTC held, LTC holders can claim 10 LCC.

After the fork, Litecoin Cash switched to SHA256 proof-of-work hashing. This puts new uses for previously outdated bitcoin mining hardware. More predictable block times and protection of the network from multi-pool hops using Evan Duffield's proven DarkGravity V3, which recalculates mining difficulty every block. To prevent early dominant miners from gaining an unfair advantage, the block reward increases linearly for the first 2000 blocks.

The fork features replay attack protection and a new address prefix to prevent chaos and interchain issues.

LCC has a target block time of 2.5 minutes, provides 4 times the transaction bandwidth of Bitcoin, and the transaction price is 90% cheaper than Litecoin. Full support for HD wallets and native SegWit with bech32 addresses.

2. Comments

LCC Lite Cash is a Litecoin forked by a group of believers who believe in large blocks. It is the first hard fork of Litecoin. Compared with the current Litecoin, Litecash is more like the Litecoin before updating the Lightning Network. At that time, the feature that Wright emphasized was value storage, and the concept of "Bit Gold, Lite Silver" won a large number of believers for Litecoin. And when the Litecoin team chose to move closer to Bitcoin Core, took the lead in implementing the Lightning Network, and abandoned the original simple and reliable expansion solution, the founding team of LiteCash believed that Litecoin was no longer a currency suitable for value storage. Litecash abandoned Litecoin's Segwit Segregated Witness upgrade plan, and turned to Bitcoin Cash's expansion and upgrade plan, which is to expand the original 1MB to 8MB, so as to improve the efficiency of the entire Wrightnet network.

Related Links:

https://litecoinca.sh/

https://litecoinca.sh/downloads/launch_whitepaper.pdf

https://info.binance.com/cn/currencies/litecoin-cash