Litecoin (LTC) Halves Without Glitch

The (LTC) halving of the block reward was reached on August 5, based on an early schedule of accelerated block production. Charlie Lee, Litecoin’s founder, tweeted the event:

https://twitter.com/SatoshiLite/status/1158322436649017344

The Litecoin network saw extremely high activity in the days before the halving, leading to accelerated block production and an earlier date. In the months past, the halving was expected to happen at the end of August, but relative block time brought the event sooner. The block reward was cut from 25 LTC per every 2.5 minute block, to 12.5 LTC. Curiously, every 10 minutes, 50 LTC are created, and only 12.5 (BTC)…

This article appeared first on Cryptovest

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