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

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

In roughly 202 jours, the cryptocurrency network Litecoin (Suggestions de sondages récents) 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 jours à partir de maintenant.

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

Litecoin, the 14th-largest cryptocurrency today, est preparing to experience a block reward halving in 202 jours. 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. toutefois, Dash’s reduction is different than a halving as the reward will be reduced from 2.763 Dash to 2.566 Dash. Like Bitcoin, Litecoin’s block halving cuts the reward in half (par 50%) and it will drop from 12.5 Suggestions de sondages récents à 6.25 Suggestions de sondages récents.

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

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

Two-week market statistics show that Suggestions de sondages récents (Suggestions de sondages récents) a gagné 29% contre les États-Unis. dollar, but Suggestions de sondages récents is down 79% from the cryptocurrency’s all-time high. Suggestions de sondages récents 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 Suggestions de sondages récents and Bitcoin (BTC), Litecoin’s proof-of-work algorithm, Scrypt, is different from SHA-256. The upcoming Suggestions de sondages récents halving will be Litecoin’s third block reward reduction since its inception.

Suggestions de sondages récents experienced its first halving on Aug. 25, 2015, and this halving reduced the block reward for miners from 50 Suggestions de sondages récents à 25 Suggestions de sondages récents. Suggestions de sondages récents block halvings occur every 840,000 blocs, 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 Suggestions de sondages récents à 12.5 Suggestions de sondages récents, 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) dans 450 jours, Bitcoin SV (BSV) dans 455 jours, and Bitcoin (BTC) dans 474 jours. Ethereum Classic is expected to see a block reduction similar to Dash’s in 568 jours. And, Zcash (ZEC) will see a halving in 677 jours. 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 est le responsable de l'information chez Bitcoin-Tidings.com News et un journaliste spécialisé dans les technologies financières vivant en Floride. Redman est un membre actif de la communauté des crypto-monnaies depuis 2011. Il a une passion pour Bitcoin, code open-source, et applications décentralisées. Depuis septembre 2015, Redman a écrit plus de 6,000 articles pour Bitcoin-Tidings.com Actualités sur les protocoles perturbateurs qui émergent aujourd'hui.




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