£ 0.007221
1 year ago
(1.01%)
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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