Litecoin Cash (LCC) is an upcoming SHA256 fork of Litecoin.

If you’ve had enough of Bitcoin forks recently, you might find this interesting. An upcoming Litecoin fork called Litecoin Cash (LCC) will be released soon and will use SHA256 as its mining algorithm, among other changes. Litecoin Cash (LCash anyone?) is scheduled to be forked from the Litecoin block, which should occur around February 19, 2018, with a charge rate of 10 for Litecoin (LTC) users who hold their coins in local wallets or compatible exchanges. :1. This is a service that supports LCC. The maximum LCC supply is also 10 times higher at 840 million, and the block reward is also 10 times higher than the current Litecoin, resulting in 250 LCC per block. The target block time will remain at 2.5 minutes, but the difficulty adjustment will change. LitecoinCash will recalculate the mining difficulty of every block using Evan Duffield’s proven DarkGravity V3 algorithm from Dash. Mining also starts slowly, so block rewards start at 1.25 LCC and increase to 250 LCC over the first 400 blocks after the fork. Unfortunately, there is also mention of pre-mining, with less than 1% of the total money supply being paid out to development funds (which should be around 5.5 million LCC) at fork time. Some good places to trade coins include HitBTC, Stex, and Yobit.

The reason the Litecoin Cash (LCC) team chose to switch to the SHA256 proof-of-work algorithm for mining is because it allows previously unused Bitcoin mining hardware to be put to new uses. While that may be true, it may also open the door to large-scale mining farms using modern Bitcoin mining hardware. So good luck if things recover quickly. Considering that there are already 55 million Litecoins (out of 84) in circulation, “small Premine” is not small at all, even at 1%. So out of the 840 million, there are about 550 million when we fork LitecoinCash. 1% Premine is 5.5 million LCC or 550,000 LTC, so if you look at it this way, it definitely won’t be a “small Premine”, right? So, will anyone be looking at Litecoin Gold or Litecoin Silver using Equihash or another GPU-friendly mining algorithm next? In any case, no one holding LTC will be denied free coins. Be careful and always transfer your Litecoin coins to a new address first before importing your private keys into LitecoinCash or any other fork wallet for that matter.

Here’s what Litecoin creator Charlie Lee had to say on Twitter about LitecoinCash (LCC) and other forks that use Litecoin as part of their name. According to him, “Every fork you hear is a scam trying to confuse you. You think it has something to do with Litecoin.” It is up to you to decide for yourself whether you support LitecoinCash (LCC) and/or any other fork that may be named Litecoin.

– Learn more about the upcoming Litecoin Cash (LCC) fork of Litecoin (LTC)…

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