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10 months ago
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Litecoin (LTC) hits unprecedented precocious successful transactions arsenic halving looms
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Litecoin has smashed a historical milestone successful its web transactions. The Litecoin web conscionable processed its 170 millionth transaction, an breathtaking Twitter announcement reads.
— Litecoin (@litecoin) July 15, 2023This reflects accelerating maturation for Litecoin, which has added implicit 10 cardinal transactions implicit the past 7 weeks. This suggests that good implicit a cardinal transactions hap each week.
This is significant, arsenic Litecoin has ne'er been down successful its implicit 11-year past of continuous uptime. Referred to arsenic the metallic to Bitcoin's "Digital Gold," Litecoin touts itself arsenic the lone blockchain with implicit 11 years of continuous uptime.
One of the astir eagerly anticipated events of 2023 for each proponents of proof-of-work (PoW) cryptocurrencies is the Litecoin (LTC) halving. The 3rd halving successful the past of Litecoin (LTC) is approaching; the archetypal 2 occurred successful 2015 and 2019.
Already, expectations are ramping up up of the event, which is astir 18 days away, per an announcement from the authoritative Litecoin Twitter account.
On July 12, on-chain analytics firm IntoTheBlock reported that hunt trends for Litecoin person deed a caller yearly peak. Citing Media topics, the upcoming halving lawsuit is believed to beryllium a cardinal operator for the heightened interest.
OKLink's analytics level gives a breakdown of the countdown to the halving event. The existent countdown astatine the clip of penning is 17 days and 3 hours, with an anticipated day of Aug. 2. There are presently 9,875 blocks near for this event.
The halving event, which volition trim Litecoin mining rewards from 6.25 LTC to 3.125 LTC, is seen arsenic a nett positive.
At the clip of writing, LTC was marginally down successful the past 24 hours to $94.70. Litecoin, which has a marketplace worth of $6.94 billion, is present ranked 12th among each cryptocurrencies.
