Litecoin Cash

Contents

Overview of Litecoin Cash

  • Litecoin Cash’s mining difficulty will reportedly be governed by Evan Duffield’s DarkGravity V3 algorithm from Dash while claiming new blocks will be created every 2.5 minutes – “four times the transaction bandwidth of Bitcoin, while transactions are 90 percent cheaper than Litecoin.”
  • Litecoin Cash and Bitcoin are perhaps to be considered more comparable than Litecoin and Bitcoin by the fact that both cryptocurrencies are on a SHA256 proof-of-work algorithm that allows the cryptomarket to make a more direct comparison from a performance and cost perspective.
  • Litecoin Cash has taken a few elements of Bitcoin and a few elements of Litecoin and delivered a hybrid, whilst also looking to drive support for the transaction speeds by making Litecoin Cash mining more accessible.
  • Litecoin Cash realises that its blockchain provides an ideal way to store this proof of identity, as well as decentralizing the actual subsequent checking of a fewone’s identity once it has been initially confirmed.
  • Litecoin Cash and other SHA256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit.
  • Litecoin cash hasn’t made any such claims either, but Lee worries that even though litecoin cash doesn’t claim to be associated with litecoin, it will confuse users anyway.
  • Litecoin Cash forked off from the main chain Monday, with developers having promised 10 of the new tokens for each litecoin held at the time of the network snapshot.
  • Litecoin Cash disappeared on a trip to South Dakota, when he hoped to sell the Sioux Indians on an investment first presented to him by a Nigerian prince.
  • Litecoin Cash price Index provides the latest LCC price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • LiteCoin Cash (LCC) is trading down almost 6% in the past 24 hours, at $0.053 with a market cap of $30 million.

    • Blockchain

    Tanner has argued that “Anyone who’s paid attention through the bitcoin forking period hears ‘litecoin cash’ and instantly understands that [Litecoin Cash] is a fork of Litecoin”, while the team has further clarified that “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.We’re not associated or affiliated with Charlie Lee or any of the Litecoin team in any way; we are big fans though.”

    Mine

    Miners jumping on the Litecoin Cash bandwagon might further be in for a surprise – the Litecoin Cash network will leverage Dash’s DarkGravity V3 algorithm, and is, at the outset, set to offer a small initial block reward and will then grow over the course of the first 400 mined blocks.

    Network

    Litecoin Cash is the cryptocurrency platform that emerged from the first hard fork of the existing Litecoin (LTC) project.The new Litecoin Cash network claims to offer improved transaction processing, enhanced mining capacity to easily generate more cryptocoins and blocks using the legacy SHA256 mining hardware, and an efficient network with better bandwidth availability.

    Support

    One of the most interesting facets of the Litecoin Cash fork is maybe its intended support of legacy mining hardware.The creators of Litecoin Cash seem to be interested in creating a new cryptocurrency that allows owners of older Bitcoin mining hardware to put their equipment to use once again.

    Transactions

    The fork occurred on February 18, and according to the official Litecoin Cash website, Litecoin Cash has a “target block time of 2.5 minutes which gives 4 times the transaction bandwidth of Bitcoin, while transactions are 90% cheaper than Litecoin.” All holders of Litecoin at the time of the fork were entitled to 10 LCC, news of which caused the price of Litecoin to jump after buyers rushed in to take advantage of the offer. 

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    Tech specs: similar to Litecoin?

    Late on Sunday, February 18th (EST), Litecoin Cash (LCC) was formed after a hard fork on the Litecoin blockchain at block number 1,371,111.Similar to other hard forks, each Litecoin holder is entitled to have LCC at a ratio of 10:1 i.e.10 LCC for every 1 LTC.

    Can I Send Litecoin To a Bitcoin Address?

    It’s important to understand cryptocurrency conversion because you can’t send Litecoin to a Bitcoin address—even if it’s in the same wallet—and vice versa.If you do, the money will be lost.Recovery may be possible if you have seed backups for the keys that let you access your account, but it’s difficult.

    Can You Convert Litecoin to Bitcoin?

    You can convert litecoins to bitcoins, and vice versa—similar to the way you can exchange fiat currencies, like changing dollars into pounds, or yen into euros.Since both are leading, and highly liquid cryptocurrencies, there is generally no problem in swapping one for the other.

    Inside Litecoin Cash: Is Litecoin’s new offshoot a scam, or something more?

    Litecoin proponents have reacted to plans for a ‘Litecoin Cash’ fork with skepticism – but what does this new cryptocurrency aim to achieve? We explore.

    Can I still claim LCC if I was holding Litecoin during the fork?

    Absolutely.Absolutely.If you were holding Litecoin at block 1371111, and you haven’t yet claimed LCC, it’s still there waiting for you.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.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.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.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.

    Can I still claim LCC if I was holding Litecoin during the fork?

    Absolutely.Absolutely.Absolutely.Absolutely.If you were holding Litecoin at block 1371111, and you haven’t yet claimed LCC, it’s still there waiting for you.If you were holding Litecoin at block 1371111, and you haven’t yet claimed LCC, it’s still there waiting for you.If you were holding Litecoin at block 1371111, and you haven’t yet claimed LCC, it’s still there waiting for you.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.Always practice safe forking.Always practice safe forking.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.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.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.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.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.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.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.

    Can Litecoin Overtake Bitcoin?

    Whether Litecoin could ever overtake Bitcoin as the number one cryptocurrency is a matter of speculation.Bitcoin remains the original digital money, and to many, its name is synonymous with cryptocurrency in general— practically a generic term, like Kleenex is to facial tissue.

    How to Buy Litecoin Cash (LCC)?

    The first step in buying Litecoin Cash is to set up a Litecoin Cash wallet that can store your Litecoin Cash (“LCC”) coins following the purchase.The same wallet will also be used when wanting to sell LCC coins, with the coins transferable to an exchange that accepts Litecoin Cash for sale, or to a merchant in the case of a purchase.

    What Is Litecoin Cash's Price Today?

    Litecoin Cash (LCC) is trading at $0.01232 USD, increasing by 8.02% since yesterday.Litecoin Cash has traded $3,226 USD in the last 24 hours.

    How do I mine Litecoin Cash?

    Litecoin Cash and other SHA256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit.Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner).ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

    How do I buy Litecoin Cash?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Litecoin Cash.

    Why The Litecoin Cash Fork?

    The motivation of this fork is that there is no fast, cheap SHA256 coin with good difficulty adjustment.SHA256 miners have little practical choice of hash power destination, and if they do mine blocks they’re being paid in a currency with 10 minute block times.

    How Does it Work?

    The decision behind the 10 for 1 swap was to simplify the mathematics when working with the coin.For eg.in the case of Bitcoin, you often need to work in fractions of a bitcoin when transacting.This is not so much of a problem for the crypto nerd amongst us, but the common man needs a currency which is easy to work with.Trying to work in fractions of a bitcoin (satoshis) is not always practical.

    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].Yes! Just email the code from your golden ticket to [email protected].Yes! Just email the code from your golden ticket to [email protected].Yes! Just email the code from your golden ticket to [email protected].

    How to Buy Litecoin Cash (LCC)?

    The first step in buying Litecoin Cash is to set up a Litecoin Cash wallet that can store your Litecoin Cash (“LCC”) coins following the purchase.The same wallet will also be used when wanting to sell LCC coins, with the coins transferable to an exchange that accepts Litecoin Cash for sale, or to a merchant in the case of a purchase.

    Is it a scam or legitimate?

    Unlike forks on Bitcoin or even Ethereum, Litecoin had no need to conduct a hard fork, at least for now.So the announcement of Litecoin Cash on February 3rd created a lot of stir in the community, as the team did not offer an exact reason for the fork.Litecoin creator Charlee Lee himself tweeted that he and his team have nothing to do with the upcoming hard fork and warned about the possibility of it being a scam.

    What is Litecoin Cash (LCC)?

    Litecoin Cash (LCC) is a Litecoin fork that has a higher max supply, runs the SHA256 mining algorithm, and has better difficulty adjustment.

    Where can I get Litecoin Cash wallet?

    Litecoin Cash produces its own wallet software that is available for download on its website, which allows you to store Litecoin Cash on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    How Many Litecoin Cash Coins Are There?

    There are currently 722,058,075 Litecoin Cash coins circulating out of a max supply of 840,000,000.

    Litecoin Cash – Another Bitcoin-Bitcoin Cash Saga?

    A Litecoin hard fork is being likened to the Bitcoin-Bitcoin Cash saga.

    What is Litecoin Cash?

    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.After the fork block, Litecoin Cash switched to SHA256 proof-of-work hashes.This enables a new use for previously obsolete Bitcoin mining hardware.It’s also the world’s first blockchain to utilize HiveMine.The Hive, agent-based mining system, requires no specialised hardware.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.

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    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].Yes! Just email the code from your golden ticket to [email protected].

    What hashing algorithm does Litecoin Cash use?

    Litecoin Cash is a PoW + Hive coin that uses the SHA256 algorithm.

    What Is Litecoin Cash?

    Fact #1: Litecoin will be forked at block number 1371111 to create Litecoin Cash.

    Why are you using the Litecoin name? Is this an official Litecoin project?

    No.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.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.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.We’re not associated or affiliated with Charlie Lee or any of the Litecoin team in any way; we are big fans though.

    How to Get Litecoin Cash?

    Fact #5: To claim Litecoin Cash coins, you’ll need to load your private keys into the Litecoin Cash wallet.

    What is Litecoin Cash and when will the crypto token spilt?

    Litecoin Cash is the “hard fork” of the fifth largest cryptocurrency on the market.

    What coins are similar to Litecoin Cash?

    The following coins use the same hashing algorithm (SHA256) as Litecoin Cash: XinFin Network, Mixin, Fusion, RSK Smart Bitcoin, Measurable Data Token, Safe Haven, Bitcoin Atom, TigerCash, Manna, Bean Cash, Sakura Bloom, Qbao, Alt.Estate token, BitCoen and EDRCoin.

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    What is the value of Litecoin Cash?

    One Litecoin Cash (LCC) is currently worth $0.01 on major cryptocurrency exchanges.You can also exchange one Litecoin Cash for 0.00000022 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Litecoin Cash in U.S.dollars is $8.90 million.

    What Is Litecoin Used For?

    Given all the hoopla around its prices and market cap, it may seem that Litecoin exists mainly to be bought and sold back and forth, to paraphrase the old traders’ joke about soybeans.In actuality, though, Litecoin— like all cryptocurrencies—is a form of digital money.So it can be used by individuals and institutions to purchase things and to transfer funds between accounts.

    Why are you using the Litecoin name? Is this an official Litecoin project?

    No.No.No.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.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.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.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.This practice has become a widely understood convention.This practice has become a widely understood convention.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.We’re not associated or affiliated with Charlie Lee or any of the Litecoin team in any way; we are big fans though.We’re not associated or affiliated with Charlie Lee or any of the Litecoin team in any way; we are big fans though.We’re not associated or affiliated with Charlie Lee or any of the Litecoin team in any way; we are big fans though.

    What is the Reddit page for Litecoin Cash?

    The official Reddit community (subreddit) for Litecoin Cash is r/LCCofficial.

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    What is Litecoin Cash (LCC)?

    Litecoin went through a hard fork at block 1371111 on Sunday evening, resulting in the creation of Litecoin Cash (“LCC”).

    Is Litecoin Cash A Scam?

    Fact #7: Litecoin founder Charlie Lee has cautioned investors against Litecoin Cash.

    What do you think about the Litecoin Cash today?

    Let us know by clicking the given button.

    What is Litecoin Cash (LCC)?

    Litecoin went through a hard fork at block 1371111 on Sunday evening, resulting in the creation of Litecoin Cash (“LCC”).

    Where Can You Store it?

    The development team has provided both a light and full wallet for storing your coins.The light Electrum wallet doesn’t require the full blockchain to run, however, only a desktop version for Windows and Mac is currently available.Coinomi provides a more practical mobile wallet for those on the go.

    History of Litecoin Cash