Lite fork coins, forked at a block height of 1338540. Litecoin Cash is committed to bringing a reliable currency to the world, fulfilling the original promise of Litecoin as "Bitkin, Litecoin Silver", and providing low-cost and reliable transaction confirmation between merchants and users. And successful examples 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, the LTC holder can require 10 LCCs.

After the forking, Litecoin Cash switches to the SHA256 Proof of Work hash. This gives previously outdated Bitcoin mining hardware a new use. With Evan Duffield's proven DarkGravity V3, more predictable block time and network protection from multi-pool jumps, recalculating the mining difficulty for each block. To prevent early dominant miners from gaining unfair advantages, the block rewards will increase linearly in the first 2000 blocks.

The fork has replay attack protection and new address prefix to prevent confusion and inter-chain problems.

LCC targeted blockade time of 2.5 minutes, providing 4 times the bandwidth of Bitcoin transactions, and the transaction price is 90% cheaper than Litecoin. Fully support for HD wallets and native SegWit with bech32 address.

2. Comment

LCC Lite Cash, a Litecoin forked by a group of believers who believe in large blocks, is the first hard fork of Litecoin. Compared with Litecoin today, Lite Cash is more like Litecoin before the update of the Lightning Network. At that time, Lite emphasized the characteristic of value, and won a large number of believers for Litecoin with the concept of "Bitkin, Lite Silver". When the Litecoin team chose to move closer to Bitcoin Core, took the lead in implementing the Lightning Network, and gave up the original simple and reliable expansion plan, the founding team of Litecoin believed that Litecoin was no longer a currency suitable for store of value. Wright Cash abandoned Litecoin's Segwit Separation and Witness upgrade plan and turned to Bitcoin Cash's expansion and upgrade plan, which is about to expand the original 1MB to 8MB, in order to improve the efficiency of the entire Wright network.

Related links:

https://litecoinca.sh/

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

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