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!
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.
A brand new method of mining has been added to Litecoin Cash – and after sensational support from miners for the user-activated soft fork, it’s operational RIGHT NOW on both testnet and mainnet.
The Hive, our agent-based mining system, requires no specialised hardware; anything from a Raspberry Pi to your normal 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.