Litecoin Halving
Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply;
Litecoin halving events happen after every 840,000 blocks are mined, approximately every four years;
- History
| Expected Impact / Date | Description |
|---|---|
| Aug 2, 2023 | This halving will occur at a block height of 2,520,000. The block reward will decrease from 12.5 to 6.25 coins per block; |
| Aug 15, 2019 | This halving will occur at a block height of 1,680,000. The block reward will decrease from 25 to 12.5 coins per block; |
| Aug 25, 2015 | This halving will occur at a block height of 840,000. The block reward will decrease from 50 to 25 coins per block; |
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- Litecoin Halving News
From invezz.com|Aug 3, 2023Litecoin attracted attention in the financial space as the halving approached, with investors increasing their LTC holdings (read more). The protocol’s team tweeted that the event went successfully on 2 August at block height 2,520,000. However, the altcoin has surprised the cryptocurrency community with declines following successful completion of the highly-awaited halving event. Halving involves reducing block rewards by 50%. Similar to Bitcoin, Litecoin’s halving happens roughly after four years. The latest represents the third ...
From @LTCFoundation|Aug 2, 2023post: Litecoin's block reward automatically adjusted from 12.5 to 6.25 $LTC The next Litecoin Halving will be in 840,000 blocks or an estimate of July 30th 2027.Litecoin Undergoes Third 'Halving,' in Milestone for 12-Year-Old Blockchain The Litecoin blockchain has officially cut its block subsidy – the predetermined reward miners receive for processing transactions and securing the network – from 12.5 litecoin (LTC) to 6.25 LTC. The reduction took place on Wednesday around 15:06 UTC (11:06 am ET) at block height 2,520,000 according to the website litecoinspace.org. It was the network’s third halving since its inception in 2011. Litecoin, a “fork” or clone of Bitcoin, is sometimes affectionately referred to as “digital silver.” Both blockchains reward “miners” who process transactions and secure the network, with a reward – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.)
From fxstreet.com|Aug 1, 2023Litecoin is inching closer to the most anticipated event, its halving, scheduled to occur on August 2. The altcoin’s price sustained above the $90 psychological barrier, ahead of the mining reward being slashed in half. LTC halvings have typically resulted in a price rally in the altcoin. LTC holders and large wallet investors anticipate a similar outcome this time around and have consistently accumulated the token since mid-June 2023. Litecoin halving is less than 1,000 blocks away, counting down: Halving events in Bitcoin and ...
From invezz.com|Jul 30, 2023Litecoin is down to a countdown of just three days before the cryptocurrency ushers in a new chapter with its third block reward halving. The recognition of how important this event is for the Litecoin network has investors taking positions with massive buying witnessed in the past month. And as sentiment tracks a major bullish flip, the altcoin‘s price has surged 5% to hover near the critical $100 level again. On August 2, 2023, Litecoin will undergo its third halving event. The last one happened in 2019 and saw block rewards – what ...
From fxdailyreport.com|Jul 30, 2023The halving event of the well-known crypto token Litecoin (LTC) is getting closer to decreasing the block rewards to just 6.25 LTC from 12.5 LTC. It is going to take place just after four days on the 5th of August. Apart from that, the market is witnessing a huge hype regarding Litecoin halving. This event would play a crucial role in increasing the value of the crypto token. While keeping this in view, the market members are making several speculations. In this respect, the prominent market intelligence platform Santiment has also ...
| Released on Aug 2, 2023 |
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