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 the fork block, Litecoin Cash switched to SHA256 proof-of-work hashes. This enables a new use for previously obsolete Bitcoin mining hardware. Mining difficulty is recalculated every block, using Evan Duffield's proven DarkGravity V3 for more predictable block times as well as network protection from multipool hopping. To prevent early dominant miners from having an unfair advantage, block rewards scaled up linearly over the first 2000 blocks.
The fork features replay attack protection & a new address prefix to prevent confusion and inter-chain issues.
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.
To celebrate the success of our first season of development, Litecoin Cash became the first cryptocurrency to be dropped from space.
We partnered with Sent Into Space to send a balloon to an altitude of 32km, where it released 160000 Litecoin Cash. Multiple on-board cameras captured the action.
Check out the amazing 360-degree video of the flight below; you can click and drag to change your view.
Soon, a brand new method of mining will be added to Litecoin Cash.
The Hive, our agent-based mining proposal, requires no specialised hardware; any desktop PC is fine. It's centered around the concept of worker bees, which can be created by any LCC holder, who then becomes a beekeeper.
Once mature, worker bees have a finite lifespan during which they live inside the blockchain and help to secure it by minting blocks. Beekeepers will earn rewards whenever one of their bees mints a block.
The Hive will be available on a testnet soon.
Why are you using the Litecoin name? Is this an official Litecoin project?
No. We're using the Litecoin Cash name simply because it has become customary in recent months for a coin which forks a blockchain to prefix its name with the name of the coin being forked. This practice has become a widely understood convention. We're not associated or affiliated with Charlie Lee or any of the Litecoin team in any way; we are big fans though.
Can I still claim LCC if I was holding Litecoin during the fork?
Absolutely. If you were holding Litecoin at block 1371111, and you haven't yet claimed LCC, it's still there waiting for you. Always practice safe forking. That means you must never paste private keys that hold live funds into ANY website or wallet in order to claim fork coins -- including ours. First, move your LTC to a new address, and only then may you use the private key from the "old" address to claim your LCC.
We've made it super easy to claim. No need to mess around in the debug console! Download a wallet for your platform, and you'll find a menu item to help you import your Litecoin private keys and claim your Litecoin Cash.
If I find a golden ticket from the Spacedrop, can I still claim?
Yes! Just email the code from your golden ticket to [email protected].
Can you explain it all in the form of a 9 second video involving a psychedelic unicorn?