Litecoin (LTC) trading value hits unprecedented high, nearing halving
Read U.TODAY
google news
litecoin has set a historic milestone in network transactions. The Litecoin network has just processed its 170 millionth transaction, according to an interesting Twitter announcement.
This reflects Litecoin’s accelerating growth with over 10 million transactions added over the past seven weeks. This suggests that over 1 million transactions occur each week.
This is important because Litecoin has never gone down in its 11+ year history of continuous operation. Litecoin, dubbed the silver to Bitcoin’s “digital gold,” touts itself as the only blockchain to boast an uptime of over 11 years.
One of the most anticipated events in 2023 for all Proof of Work (PoW) cryptocurrency advocates is the Litecoin (LTC) Halving. Litecoin (LTC) is approaching its third halving in history. The first two happened in 2015 and 2019.
According to the official announcement, expectations are already rising for the upcoming event in about 18 days. Litecoin Twitter account.
July 12th, the on-chain analytics company into the block Litecoin search trends have reached a new annual peak. Citing media topics, the upcoming halving event is believed to be a major factor in the growing interest.
ok link‘s analytics platform provides a countdown breakdown to the halving event. The countdown as of this writing is 17 days and his three hours, with an expected date of August 2 for him. There are now 9,875 blocks of him left in the event.
A halving event where the Litecoin mining reward decreases from 6.25 LTC to 3.125 LTC is considered net positive.
At the time of writing, LTC has fallen slightly over the past 24 hours to $94.70. Litecoin currently ranks 12th among all cryptocurrencies with a market capitalization of $6.94 billion.
