- The community is excited as LTC’s highly anticipated halving is 16 days away.
- Importantly, the halving will reduce mining rewards from 12.5 LTC to 6.25 LTC.
- LTC hits a historic 170 million transactions, with 10 million coming in, in just seven weeks.
With less than 16 days to go, the crypto community eagerly anticipates the Litecoin (LTC) halving. The halving is a significant event that would reduce Litecoin’s mining rewards from 12.5 LTC to 6.25 LTC. This is viewed by the LTC community and proof-of-work (PoW) proponents as a positive development that would control supply and increase the token’s value.
The halving scheduled for August 2 will be the third in Litecoin’s history, with the first two happening in 2015 and 2019. As expected, the halving has generated a lot of buzz and excitement.
Data from on-chain analytics firm IntoTheBlock also showed that search trends for Litecoin hit a new yearly peak. According to IntoTheBlock, the upcoming halving is one of the major drivers for the heightened interest around the network.
Elsewhere, LTC hit a historic milestone of 170 million transactions. In a Twitter announcement, the blockchain network said …
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