On Saturday 12 December, a 60-millionth coin was extracted on the Litecoin cryptocurrency network. So, to date, approximately 71.5% of total emissions in the amount of LTL 84,000,000 have been nominated, says the blog from Litecoin.com.
– Litecoin.com (@LitecoinDotCom) January 12, 2019
Achieving this historical phase also means that it is still necessary to extract only 3,000,000 LTC for the next halving when the reward for the found block decreases from the current LTC to 12.5 LTC.
According to LitecoinBlockHalf, this halving of the pay will take place on August 8, 2019, and by that time 75% of the total cryptocurrency will be mined.
With current emissions, production of LTC 1 million is about 70 days, after half this period will double, to 140 days. It is also noted that, taking into account the Litecoin deflationary model, the 70 millionth coin will be mined in about 1330 days, ie somewhere in the middle of 2022.
The last LTì currency, according to the mathematical model of cryptocurrency, should be mentioned in about 2142. The size of the reward for the found block is 0.00000042 LTC
Remember that developers of cryptocurrency announced in October 2018 that with the release of Litecoin Core 0.17 software, the commissions in the "digital silver" network would decrease by a factor of 10.
Subscribe to the ForkLog newsletter twitter!
Have you found an error in the text? Select it and press CTRL + ENTER
Subscribe to news Forklog