Litecoin Hardfork Represented

Expected LitecoinCash fork time: 22:51:00, Sun 18 February 2018 (UTC)
09 February 2018   1828

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.

Lite.IM Beta to be Released

Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system
09 August 2018   338

Developers of the Zulu Republic blockchain project presented Lite.IM software that allows users to make transactions in the Litecoin network using SMS messages and the Telegram messenger.

Zulu Republic is convinced that Telegram is the safest messenger and provides all the necessary opportunities for testing the concept before launching SMS payments.

Representatives of the project emphasize that a lot of people live in countries with limited access to the Internet, under conditions of strict censorship by political regimes, without access to financial services. In addition, 64% of the world's population owns mobile phones, but only 33% have smartphones. This is the reason why Zulu Republic is convinced of the need to link SMS messages and Litecoin blockchain, not relying on the availability of the Internet.

By opening the world of cryptocurrency to these underserved and vulnerable populations, we aim to provide a degree of financial agency, autonomy, and (perhaps most importantly) security that they’ve been denied up until now.

Zulu Republic

Lite.IM will allow users to interact with Litecoin blockchain using text commands through a special API-system. At the moment the community already has the opportunity to use Telegram-bot to check balances and send Litecoin to LTC-addresses or e-mail. The solution is written on JavaScript. More info is available at GitHub.

The creator of "digital silver" Charlie Lee is convinced that the bear market allows us to focus on developing solutions for mass adoption of technology.