What Is Litecoin Cash (LCC)?

Litecoin Cash cryptocurrency is based on SHA-256 proof-of-work hashes. It is an open-source project that anybody can mine its digital asset with no special hardware requirement. The Litecoin Cash blockchain is also helpful in the medical field. It allows for secure electronic medical records storage and management, protects sensitive data from hackers while allowing patients to control their personal information because of strict privacy regulations. 

The Secure Hashing Algorithm (SHA)-256 is the hash function and mining algorithm of the Bitcoin protocol. This cryptographic hash function outputs a value that is 256 bits long. It is used to moderate the creation and management of addresses, as well as to verify transactions.

According to its whitepaper, Litecoin Cash offers a practical set of features that makes it an appealing option for miners, users, and funders. The features include:

• Fast: 2.5 minute block times for transactions and confirmations.

• Cheap: Small fees and low friction.

• Scalable: SegWit and fast blocks provide adequate transaction bandwidth.

• Future-proof: Lightning network support guarantees instant transactions.

• Future scalability.

In addition to having its blockchain, Litecoin Cash combines features from several well-established digital currencies. LCC is the native token of the Litecoin Cash Ecosystem. 

Litecoin Cash's Hive is an innovative democratized mining concept that features negligible energy consumption and helps to prevent 51 percent attacks. Bees are agent-based mining workers who earn rewards for their owners.

Hive mining, in which the destruction of coins produces bees, is similar to previous methods of initial coin distribution. Users who burn coins on one chain receive coins on another chain. The act of burning crypto means permanently removing tokens from circulation.

History of Litecoin Cash (LCC)

Litecoin Cash was founded in December 2017. The coin was forked from Litecoin at block 1371111 with a ten-to-one claim ratio on February 18, 2018. The core team of the Litecoin Cash project includes Iain Creig, Seb Clarke, Roger, and Michael Wyszynski. In the Litecoin Cash project, there is a total supply of 840 million LCC tokens due to the ten for one swap at fork time.