Halving of the first Litecoin altcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details will happen on July 5th. According to a report by asset founder Charlie Lee, reward for miners is halved in four days.
Litecoin cryptocurrency halving
Charlie Lee, the founder of Litecoin cryptocurrency, said that after four days, the reward for miners will be halved. The last time the LTC network was halved in 2015, and the next is scheduled for 2023. You can read more about cryptocurrency halving on our website.
"I'm announcing today that in 4 days, I will be cutting Litecoin miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details rewards in half for the first time in 4 years. This should help prevent the possibility of a cryptocurrency downturn. And I will cut it in half again in 2023!" – Charlie Lee, Twitter.
Recall that the value of Litecoin continues to fall. Having survived a slight rise this spring, the asset was unable to reach the milestone of $ 150. At the time of writing, the digital silver rate has fallen to double digits and amounts to $ 96.6.
After 4 days, the reward for Litecoin cryptocurrency miners will decrease. Recall that on July 30, the OKEx cryptocurrency exchange announced the drawing of a free Litecoin cryptocurrency, which can be won by solving the treasure map of the platform.
Editor: Jerg Wos