DOGE Rewards Drive Network Hashrate After The LTC Halving

Published 04/08/2023, 13:37
Updated 04/08/2023, 13:45
© Reuters DOGE Rewards Drive Network Hashrate After The LTC Halving
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  • Shan Belew shared on Twitter that LTC and DOGE miners only saw a 20% reduction in the daily block rewards after the LTC halving.
  • Due to Dogecoin’s continuous block rewards system, DOGE remains the primary source of rewards for miners.
  • Both LTC and DOGE saw their price decline over the past 24 hours.

After the Litecoin (LTC) halving, both Litecoin and Dogecoin (DOGE) miners experienced a reduction in their daily block rewards by around 20%, according to a Twitter post shared by Litecoin enthusiast Shan Belew. However, despite the reduction, Dogecoin still contributes a significant portion of the total block rewards for miners of both cryptocurrencies.

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