Litecoin Hardfork Represented

Expected LitecoinCash fork time: 22:51:00, Sun 18 February 2018 (UTC)
09 February 2018   1044

Hardfork mania is gaining momentum. Now Litecoin became the "victim" of planned hardfork. 


What is LitecoinCash?

LitecoinCash is upcoming SHA256 Litecoin fork. New coin will have LCC ticker. According to the developers, these are the main features of upcoming coin:

  • New Coins for Old Miners
    • Put your legacy Bitcoin SHA256 mining hardware to effective use.
  • Rewarding the Community
    • For every 1 LTC you hold at block 1371111, you can claim 10 LCC.
  • Simple to Claim
    • Our wallet makes it easy to claim your LCC. No debug console!
  • Responsible Forking
    • Replay attack protection & new address prefix to prevent confusion and inter-chain issues.
  • Fair Launch
    • Slow-start control, pre-release of bootstrap, & improved retargeting to ensure a smooth launch.
  • Modern Codebase
    • Close to upstream, to allow us to incorporate all latest blockchain tech. Segwit? Yep, we got that.

According to the website, the Litecoincash hardfork was "founded" in December 2017. Also, wallets for main platforms will be released in March. 

As mentioned above, one of the interested feature of new coin will be 10:1 claim ration instead of traditional 1:1 ration.

Сomparison Table
Сomparison Table

This is how developers answer the main question for every hardfork: why?

There is no fast, cheap SHA256 coin with good difficulty adjustment. SHA256 miners have little practical choice of hashpower destination, and if they do mine blocks they're being paid in a currency with 10 minute block times.

We believe we can offer an excellent SHA256 coin for general usage. We love Litecoin, and wanted to give something to the brave hodler community. With everyone else too busy forking Bitcoin, we decided that the Litecoin blockchain was a perfect means of intial distribution for our coin.

LitecoinCash Team

LitecoinCash Team

There is no much info on LitecoinCash team. No LinkedIn, Facebook or other links, just 3 photos, names and 1 unicorn.

LitecoinCash Team
LitecoinCash Team

Team also has active Twitter account. We were able to find "the official reason why you should join". 

GitHub of the new fork is not very active. It was created on 26th of January. There are also no info on the exchanges, that are going to list LCC. But developers "hope that exchanges will support" them.

Bitcoin Political Contributions thought in Wisconsin

Wisconsin`s officials have discussed the adoption of guidelines to cryptocurrency contributions in political campaigns, as queried by the Libertarians
25 April 2018   200

Other states, like California, have requested politicians not to admit bitcoin donations. Kansas is the only state banning such contributions. The Federal Election Commission lets crypto donations to campaigns for federal office.

On Tuesday the Wisconsin Ethics Commission arranged  a public hearing on a require from the state’s Libertarian Party relatively to the acception of guidelines for crypto contributions to political campaigns. Phil Anderson, the party’s chairman, aims to know how such donations would be calculated relatively to the limits established by the state in dollars.

Digital currencies, such as bitcoin, litecoin and ethereum, are more and more widely accepted as currency and as stores of value. The Chicago Board Options Exchange offers a futures market for bitcoin. Corporations and governments are weighing in on not ‘whether’ to address cryptocurrencies, but ‘how’. 
Phil Anderson, Chairman, The Libertarian Party

Staff counsel for the commission David Buerger convinced he is not yet aware of any establishments in Wisconsin in which cryptocurrency contributions to state campaigns were given or accepted. Bitcoin is strongly supported by Libertarians. The idea of a decentralized cryptocurrency, not regulated by a central official or bank, is alongside their political views and opposition to government control over the national currency.

During Tuesday’s meeting, commissioners offered that if cryptocurrencies were estimated as a monetary contribution, crypto donations would be issued with the $100 limit towards to cash contributions. Larger donations have to be made by a credit card either a bank check.