The Litecoin (LTC) network has officially experienced its third block reward halving at block height 2,520,000, with LTC rewards diminishing from 12.5 LTC to 6.25 LTC. Thus far, the halving has not propelled LTC prices upwards as market data reveals LTC has declined over 4% in the past 24 hours.
Halving Unshaken: Litecoin Network Sees Third Reduction in Rewards
On August 2, 2023, the Litecoin (LTC) blockchain documented its third block reward halving. Litecoin’s first halving transpired on August 25, 2015, at block height 840,000, and the second occurred on August 5, 2019, at block height 1,680,000.
The most recent reward halving, happening at block height 2,520,000, has reduced the reward from 12.5 LTC to 6.25 LTC. Prior to this halving event, LTC miners generated 7,200 new LTC units each day; that rate has now fallen to 3,600.
LTC prices have decreased by over 4%, but they remained stable with a minor 0.2% increase throughout the previous week. At that point in time, LTC miners re
We współpracy z: https://news.bitcoin.com/litecoin-completes-third-block-reward-halving-cutting-rewards-to-6-25-ltc-miners-face-revenue-loss-as-prices-dip-4/
