Litecoin to Undergo Block Reward Halving in Just Over 200 Días, First Among Major PoW Cryptocurrencies

In roughly 202 días, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoin’s upcoming halving, which is expected to occur 203 days from now.

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Litecoin Halving Set to Occur on or Around Aug. 3, 2023

Litecoin, the 14th-largest cryptocurrency today, es preparing to experience a block reward halving in 202 días. It will be the first major proof-of-work (PoW) cryptocurrency to have a reward halving, besides the upcoming reduction scheduled to happen in 158 days for Dash. Sin embargo, Dash’s reduction is different than a halving as the reward will be reduced from 2.763 Dash to 2.566 Estrellarse. Like Bitcoin, Litecoin’s block halving cuts the reward in half (por 50%) and it will drop from 12.5 LTC a 6.25 LTC.

Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies
Estimated Dash reduction countdown and countdowns for LTC’s and BCH’s reward halvings in 2023. After ESTRELLARSE, LTC, y BCH, the next halvings will stem from BSV, BTC, ETC, y ZEC.

Tiempo litecoin (LTC) holds the 14th-largest market capitalization today, it used to be a top-ten cryptocurrency contender in the early days of the crypto market. LTC’s network has many differences from Bitcoin (BTC) as there are more coins in circulation — currently more than 72 millón LTC in circulation. Sin embargo, LTC is nearing its maximum supply of 84 millón. Bitcoin’s block time is usually around 10 minutes per block, pero LTC blocks are much faster at 2.5 minutes per block.

Two-week market statistics show that litecoin (LTC) has gained 29% contra los estados unidos. dólar, pero LTC is down 79% from the cryptocurrency’s all-time high. LTC reached an all-time high of around $410 per unit over a year ago on May 10, 2021. In addition to the difference in supply between LTC and Bitcoin (BTC), Litecoin’s proof-of-work algorithm, Guion, is different from SHA-256. The upcoming LTC halving will be Litecoin’s third block reward reduction since its inception.

LTC experienced its first halving on Aug. 25, 2015, and this halving reduced the block reward for miners from 50 LTC a 25 LTC. LTC block halvings occur every 840,000 blocks, or four years. The second Litecoin block reward halving occurred on Aug. 5, 2019. This particular halving reduced the block reward for miners from 25 LTC a 12.5 LTC, the current reward level for Litecoin miners today.

In addition to Dash and Litecoin, the next three blockchains that will see block reward halvings are Bitcoin Cash (BCH) en 450 días, Bitcoin SV (BSV) en 455 días, and Bitcoin (BTC) en 474 días. Ethereum Classic is expected to see a block reduction similar to Dash’s in 568 días. Y, Zcash (ZEC) will see a halving in 677 días. The ZEC block reward halving will see the subsidy drop from 3.125 ZEC to 1.5625 after the halving occurs on or around Nov. 20, 2024.

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What do you think will be the impact of the upcoming Litecoin halving on its mining ecosystem and price? Leave your thoughts in the comments below.

jamie redman

Jamie Redman es el líder de noticias en Bitcoin-Tidings.com News y un periodista de tecnología financiera que vive en Florida.. Redman ha sido un miembro activo de la comunidad de criptomonedas desde 2011. Él tiene una pasión por Bitcoin., código fuente abierto, y aplicaciones descentralizadas. Desde septiembre 2015, Redman ha escrito más de 6,000 artículos para Bitcoin-Tidings.com Noticias sobre los protocolos disruptivos que surgen hoy.




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