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

V grobem 202 dnevi, 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, je preparing to experience a block reward halving in 202 dnevi. 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. Vendar, 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 (avtor 50%) and it will drop from 12.5 LTC do 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 DASH, LTC, in BCH, the next halvings will stem from BSV, BTC, ITD, and ZEC.

While 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 milijonov LTC in circulation. Vendar, LTC is nearing its maximum supply of 84 milijonov. Bitcoin’s block time is usually around 10 minutes per block, ampak LTC blocks are much faster at 2.5 minutes per block.

Two-week market statistics show that litecoin (LTC) has gained 29% proti ZDA. dolar, ampak LTC je navzdol 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, Scrypt, 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 do 25 LTC. LTC block halvings occur every 840,000 bloki, 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 do 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) v 450 dnevi, Bitcoin SV (BSV) v 455 dnevi, and Bitcoin (BTC) v 474 dnevi. Ethereum Classic is expected to see a block reduction similar to Dash’s in 568 dnevi. in, Zcash (ZEC) will see a halving in 677 dnevi. 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.

Oznake v tej zgodbi

What do you think will be the impact of the upcoming Litecoin halving on its mining ecosystem and price? Pustite svoje misli v spodnjih komentarjih.

Jamie Redman

Jamie Redman je vodja novic pri Bitcoin-Tidings.com News in finančni novinar, ki živi na Floridi. Redman je od takrat aktiven član skupnosti kriptovalut 2011. Ima strast do bitcoinov, odprtokodna koda, in decentralizirane aplikacije. Od septembra 2015, Redman je napisal več kot 6,000 članki za Bitcoin-Tidings.com Novice o motečih protokolih, ki se pojavljajo danes.




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