The third Litecoin halving event is close by; here are some important things you need to know.
Litecoin’s third halving is officially 100 days away, with the event expected to occur on August 2, 2023, at block 2,520,000. However, the date may change due to the network’s hash rate fluctuations.
By reducing the number of coins in circulation, halving is intended to counteract inflation and encourage a sustainable and stable growth trajectory for the cryptocurrency.Litecoin’s halving occurs every four years after 840,000 blocks, with miners receiving 50% fewer coins than before. The blockchain has undergone two halving events since its launch in 2011, and miners are currently receiving 12.5 LTC as rewards.
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