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Litecoin Founder Charlie Lee Calls LTC ‘Great Store of Value’ Even Though He Got Rid of All His Coins
On August 5, the Litecoin team conducted a halvening on the chain and now the miners receive not 24 LTC as before, but 12.5 LTC for each new block. Right after the event was conducted, Charlie Lee reported that the LTC network’s hashrate had not dropped, none of the miners had switched off their machines and blocks were being produced even faster than planned. A short while ago, Charlie Lee tweeted that since the halving took place, 504 new blocks have been produced. As per him, slightly over 21 hours have passed after the event and for mining that many blocks that is a normal average amount of time. So, things are ... (full story)
