The blockchain network Litecoin’s computational power reached an all-time high (ATH) el miércoles, Jan. 25, 2023, a la altura del bloque 2,411,048, alcanzando 798.43 terahash por segundo (TE/s). Además, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day.
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Litecoin’s Computational Power Climbs 38% en 30 Días
A significant amount of hashrate has been dedicated to the Litecoin (LTC) network over the last 30 days as the blockchain’s computational power climbed 38% higher from 576 terahash por segundo (TE/s) en diciembre. 28, 2022, hacia all-time high of 798 TE/s recorded on Jan. 25, 2023. Corrientemente, Litecoin’s hashrate on Jan. 28, 2023, is around 691 TE/s, cual es 20% higher than the hashrate last month. Litecoin’s price has also been climbing higher as LTC’s value increased by 34% contra los estados unidos. dólar en el pasado 30 días.
The all-time high hashrate of 798 terahash por segundo (TE/s) is roughly 202 TH/s away from a single petahash per second (PH/s), lo que equivale a 0.798 PH/s. Viabtc is the top Litecoin mining pool with 192 TE/s, o 27% of the total Litecoin hashrate. The crypto mining pool Viabtc is followed by F2pool (121 TE/s), hormiguero (104 TE/s), Litecoinpool.org (77 TE/s), and Binance (69 TE/s), respectively. All five Litecoin mining pools also participate in dogecoin (DUX) merge mining through a process called auxiliary proof-of-work (AuxPoW).
Litecoin will be the first of a few proof-of-work (PoW) cryptocurrencies to halve its mining reward, as its network precedes protocols like Bitcoin Cash (BCH), Bitcoinsv (BSV), and Bitcoin (BTC). los LTC network is expected to reduce its reward from 12.5 LTC a 6.25 LTC on or around Aug. 3, 2023. Litecoin’s difficulty increased to 23.50 million on Jan. 26, and it was 3.28% higher over the last three days. Like Bitcoin, Litecoin’s difficulty adjustment occurs every 2,016 blocks, pero LTC blocks are discovered at a rate of about 2.5 minutes per block.
This means Litecoin’s difficulty adjustment retargets every three days to keep the block time at a consistent rate. In the last month, the difficulty increased by 14.80%, and it rose 32.41% in the last 90 días. LTC has lost much of its market dominance since its early days, as it was once the second-largest cryptocurrency by market capitalization at the end of Jan. 2014. By the next year, casi al mismo tiempo, it was knocked down to the third-largest cryptocurrency by market cap. In the years following, LTC has gradually dropped to its current 17th position.
Interest in LTC has also dropped since 2013, como datos from Google Trends (GT) indicates that, out of a score from 1-100, the search term “Litecoin” reached a score of 6 en 2013. In Dec. 2017, the term reached the highest score of 100, but today the score is half of what it was in 2013, a 3. GT data further shows that the search term “Litecoin” saw a rebound at the end of 2020, and a much larger spike throughout 2021. Most interest in Litecoin comes from Nigeria, Los países bajos, Czechia, los Estados Unidos, and Slovenia.
What do you think the future holds for the Litecoin network as it approaches its next mining reward halving in August 2023? Share your thoughts and predictions in the comments below.
Créditos de imagen: Shutterstock, pixabay, Wiki Commons
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