According to Charlie Lee, creator of Litecoin, the long waited halving of block rewards for miners has finally happened and was a success. Block 168,000 produced 12.5 LTC in block rewards and the price hit back $100 for the first time since 22nd July. Just like Bitcoin, the fourth cryptocurrency per market cap, undergoes the halving process every 4 years, with the next happening in 2023 now. Mining reward this time is cut from 25 to 12.5 Litecoin per block and Lee is claiming that “We are mining at a rate of a block every 1.4 minutes on average, which is much faster than the expected 2.5 minutes.” The first and only ... (full story)