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

In astir 202 days, the cryptocurrency web Litecoin (LTC) volition acquisition a artifact reward halving connected oregon astir Aug. 3, 2023. Litecoin volition beryllium the archetypal large proof-of-work (PoW) blockchain to spot a reward simplification earlier Bitcoin’s upcoming halving, which is expected to hap 203 days from now.

Litecoin Halving Set to Occur connected oregon Around Aug. 3, 2023

Litecoin, the 14th-largest cryptocurrency today, is preparing to experience a artifact reward halving successful 202 days. It volition beryllium the archetypal large proof-of-work (PoW) cryptocurrency to person a reward halving, too the upcoming simplification scheduled to hap successful 158 days for Dash. However, Dash’s simplification is antithetic than a halving arsenic the reward volition beryllium reduced from 2.763 Dash to 2.566 Dash. Like Bitcoin, Litecoin’s artifact halving cuts the reward successful fractional (by 50%) and it volition driblet from 12.5 LTC to 6.25 LTC.

Estimated Dash simplification countdown and countdowns for LTC’s and BCH’s reward halvings successful 2023. After DASH, LTC, and BCH, the adjacent halvings volition stem from BSV, BTC, ETC, and ZEC.

While litecoin (LTC) holds the 14th-largest marketplace capitalization today, it utilized to beryllium a top-ten cryptocurrency contender successful the aboriginal days of the crypto market. LTC’s web has galore differences from Bitcoin (BTC) arsenic determination are much coins successful circulation — presently much than 72 cardinal LTC successful circulation. However, LTC is nearing its maximum proviso of 84 million. Bitcoin’s artifact clip is usually astir 10 minutes per block, but LTC blocks are overmuch faster astatine 2.5 minutes per block.

🔥Litecoin Halving Cycles 2W chart🔥

Something to springiness america immoderate bullish vibes for abbreviated word aboriginal and existent beardown bullishness starting from June 2024.

💡 Next Litecoin halving volition beryllium connected August 3rd 2023 pic.twitter.com/8tzlCUQICp

— Zen ☮️ (@WiseAnalyze) January 8, 2023

Two-week marketplace statistic amusement that litecoin (LTC) has gained 29% against the U.S. dollar, but LTC is down 79% from the cryptocurrency’s all-time high. LTC reached an all-time precocious of astir $410 per portion implicit a twelvemonth agone connected May 10, 2021. In summation to the quality successful proviso betwixt LTC and Bitcoin (BTC), Litecoin’s proof-of-work algorithm, Scrypt, is antithetic from SHA-256. The upcoming LTC halving volition beryllium Litecoin’s 3rd artifact reward simplification since its inception.

LTC experienced its archetypal halving connected Aug. 25, 2015, and this halving reduced the artifact reward for miners from 50 LTC to 25 LTC. LTC artifact halvings hap each 840,000 blocks, oregon 4 years. The 2nd Litecoin artifact reward halving occurred connected Aug. 5, 2019. This peculiar halving reduced the artifact reward for miners from 25 LTC to 12.5 LTC, the existent reward level for Litecoin miners today.

In summation to Dash and Litecoin, the adjacent 3 blockchains that volition spot artifact reward halvings are Bitcoin Cash (BCH) successful 450 days, Bitcoin SV (BSV) successful 455 days, and Bitcoin (BTC) successful 474 days. Ethereum Classic is expected to spot a artifact simplification akin to Dash’s successful 568 days. And, Zcash (ZEC) volition spot a halving successful 677 days. The ZEC artifact reward halving volition spot the subsidy driblet from 3.125 ZEC to 1.5625 aft the halving occurs connected oregon astir Nov. 20, 2024.

What bash you deliberation volition beryllium the interaction of the upcoming Litecoin halving connected its mining ecosystem and price? Leave your thoughts successful the comments below.

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