Thursday, April 11, 2019

What is Litecoin Halving

Litecoin Halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2). The total number of Litecoin mined by miners per block will reduce from 25 to 12.5 LTC in the next litecoin halving. The number of litecoin found per block will become more scarce and this halving reward ensures that litecoin total supply will reach 84 million. When is the next Litecoin Halving? Block #1,680,000 (estimated around Aug, 2019)is the event where the number of generated Litecoin rewards per block will be halved (divided by 2). The total number of Litecoin mined by miners per block will reduce from 25 to 12.5 LTC in the next Litecoin halving. The number of Litecoin found per block will become more scarce and this halving reward ensures that Litecoin total supply will reach 84 million. When is the next Litecoin Halving? Block #1,680,000 (estimated around fall, 2019)

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  1. Litecoin underwent its halving on August 8, 2019. The mining reward dropped from 25 LTC to 12.5 LTC and the price was assumed to increase. The price did increase but not up to the expectations. The next Litecoin halving is estimated to take place in Aug 2023. The mining reward will further decrease from 12.5 to 6.25 coins. But that is a long way to go, 1363 days to be specific. It will be interesting to see Litecoins growth during this time.

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Charlie Lee on

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