The SHA256 Litecoin fork. Yep.
Fork Block - At block 1371111, Litecoin Cash hard-forked away from the Litecoin blockchain.
10:1 Claim Ratio - For every 1 LTC you held at the fork block, you can claim 10 LCC.
SHA256 Mining - After the fork block, Litecoin Cash switched to SHA256 proof-of-work hashes. This enables a new use for previously obsolete Bitcoin mining hardware.
Network Resilience - Mining difficulty is recalculated every block, using Evan Duffield's proven DarkGravity V3 algorithm from Dash. This provides more predictable block times as well as network protection from multipool hopping.
Optimised for the Real World - Target block time of 2.5 minutes gives 4 times the transaction bandwidth of Bitcoin, while transactions are 90% cheaper than Litecoin.
Slow-Start Control - To prevent dominant early miners having an unfair advantage, block rewards will start at 0.25 LCC and grow to 250 LCC over the first 2000 blocks after the fork. The first 24 blocks after the fork will be mined at minimum difficulty. After this, DarkGravity will adjust the difficulty based on observed block generation time. The 250 LCC block reward (equivalent to 25 LTC) will halven at the same chain heights as Litecoin.
Small Premine - An equivalent amount to less than 1% of circulating money supply (less than 0.65% of total money supply) at fork time was paid to a development fund.
|Litecoin (LTC)||Litecoin Cash (LCC)||Bitcoin (BTC)||Bitcoin Gold (BTG)||Bitcoin Cash (BCH)||Bitcoin Diamond (BCD)|
|Max Supply||84 million||840 million||21 million||21 million||21 million||210 million|
|Distribution||Mining||Mining, Claiming||Mining||Mining, Claiming||Mining, Claiming||Mining, Claiming|
|Block Time||2.5 mins||2.5 mins||10 mins||10 mins||10 mins||10 mins|
|Difficulty Adjustment||3.5 days||Every block (DarkGravity)||2 weeks||Every block (EMA)||Every block (SMA)||2 weeks|
Compared to Litecoin: Litecoin Cash has lower transaction fees, better difficulty adjustment, and is mined with SHA256.
Compared to Bitcoin: LCC is much faster and cheaper, and has far more bandwidth and better difficulty retargeting.
Compared to Bitcoin Cash: Litecoin Cash supports Segwit, and has much faster block times.