![]() The mining process will be democratised, as any LCC holder can become a beekeeper.Worker bees won't mint blocks on an attacker's private chain, so they cannot accumulate enough chain work to perform a 51% hashpower attack. 2FA is conceptually similar to a security token device that banks in some countries require for online banking. The second factor is a verification code retrieved via text message or from an app on a mobile device. The first factor is your password for your wallet. 51% network attacks are rendered ineffective. Two-factor authentication (2FA) is a way to add additional security to your wallet.Proof-of-work blocks are accepted by the network at any time, so SHA256 mining hardware never needs to stand idle. Existing SHA256 miners and pools are not affected.Beekeepers will earn rewards whenever one of their bees mints a block. Once mature, worker bees have a finite lifespan during which they live inside the blockchain and help to secure it by minting blocks. It's centered around the concept of worker bees, which can be created by any LCC holder, who then becomes a beekeeper. The Hive, our agent-based mining system, requires no specialised hardware anything from a Raspberry Pi to your normal desktop PC is fine. Read our launch whitepaper !Ī brand new method of mining has been added to Litecoin Cash - and after sensational support from miners for the user-activated soft fork, it's operational RIGHT NOW on both testnet and mainnet. HD wallets and native SegWit with bech32 addresses are fully supported. But if you want to keep supporting the LTC network by running Litecoin Core. It will be quick as all packages are already downloaded. This means you don't have to keep your laptop on to stay up to date with the most recent blocks in order to send LTC. I would recommend you to repeat the command without the -user parameter from the user console (If -user is used the dependencies are not later correctly found): python3 -m pip install Electrum-3.3.8.tar.gz. LCC's target block time of 2.5 minutes gives 4 times the transaction bandwidth of Bitcoin, while transactions are 90% cheaper than Litecoin. Electrum-LTC is a light-weight client that references other Full Nodes so you don't have to use your own. The fork features replay attack protection & a new address prefix to prevent confusion and inter-chain issues. To prevent early dominant miners from having an unfair advantage, block rewards scaled up linearly over the first 2000 blocks. A dust doesnt requires a specific coin state,a dust is send to. ![]() Mining difficulty is recalculated every block, using Evan Duffield's proven DarkGravity V3 for more predictable block times as well as network protection from multipool hopping. Electrum Bitcoin wallet Electrum is the most advanced, open source, full feature Bitcoin. This enables a new use for previously obsolete Bitcoin mining hardware. If you held LTC at block 1371111 but haven't claimed yet, your LCC are still waiting for you!Īfter the fork block, Litecoin Cash switched to SHA256 proof-of-work hashes. ![]() For every 1 LTC held at the fork block, LTC holders could claim 10 LCC. Litecoin Cash was forked from Litecoin on at block 1371111, with a 10:1 Claim Ratio.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |