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All Systems Go: Litecoin (LTC) Hits $100 After Successful Halving
The Litecoin (LTC) halving is complete. The event happens every four years, reducing mining rewards by 50%. Charlie Lee, the cryptocurrency’s creator, confirmed via Twitter that the halving event went smoothly and the LTC network appears to be healthy. The Litecoin blockchain network reached the activation block height of 1,680,000 at 10:16 UTC, according to mining pool operator BTC.com’s Litecoin Explorer. Litecoin mining rewards are now reduced from 25 LTC to 12.5 LTC for every block mined. A new block is generated on the Litecoin network (approximately) every 2.5 minutes. Around 576 blocks are produced every ... (full story)