Litecoin halving completes as LTC sees increased payments adoption
The Litecoin cutting in half occasion has actually been completed with block benefits now cut in half at 6.25 Litecoin (LTC) per block. On Aug. 2, the Litecoin blockchain went through its automatic halving procedure at block 2,520,000. LTC miners are now getting half the rewards and the clock has been reset for the next halving in approximately 4 years time. Litecoin founder Charlie Lee commented on the disparities in between the different halving countdown timers, recommending that the NiceHash one was the most accurate. Nevertheless, all of them agreed on an Aug. 2 date.This is funny. I googled “Litecoin Block Halving Countdown” and inspected the first 4 hits. The ETA for the halving is all over the map!From my quick estimation, I believe NiceHashs countdown is the most precise. I expect the halving to happen in about a 1 day, 2 hours, and 30 … pic.twitter.com/7lvOKCtiOh— Charlie Lee Ⓜ (@SatoshiLite) August 1, 2023
Speaking on the adoption of Litecoin as a payment method, BitPay CEO Stephen Pair informed Cointelegraph that Litecoin and Bitcoin Lightning payments had their best months in recent history on the global payments platform. Related: Litecoin cost poised for 700% gains vs. Bitcoin, says Charlie LeeAs of June, LTC surpassed Bitcoin (BTC) as the crypto of choice for payments on BitPay, accounting for 35%.” Latin America is likewise a location where we anticipate to see a rise in activity from BitPay merchants and consumers over the next few years,” he added.Litecoin is the 12th largest cryptocurrency by market capitalization with $6.8 billion with its everyday trading volume around $1.14 billion.There are presently 73.5 million LTC in blood circulation out of an optimum supply of 84 million.Collect this short article as an NFT to protect this minute in history and show your support for independent journalism in the crypto space.Magazine: Elegant and ass-backward: Jameson Lopps very first impression of Bitcoin
Litecoins third HALVING is just hours away. The block benefit will instantly change from 12.5 to 6.25 $LTC – hence making Litecoin a predictable monetary supply and a deflationary currency. Litecoin ⚡ Sound Money.
On Aug. 2, the Litecoin blockchain went through its automatic halving treatment at block 2,520,000. Litecoin creator Charlie Lee commented on the discrepancies between the different halving countdown timers, suggesting that the NiceHash one was the most precise. I googled “Litecoin Block Halving Countdown” and checked the first 4 hits. Speaking on the adoption of Litecoin as a payment technique, BitPay CEO Stephen Pair informed Cointelegraph that Litecoin and Bitcoin Lightning payments had their best months in recent history on the international payments platform.