Latest Litecoin News: 71.5% of the Total LTC Has Now Been Mined

Today, the blockchain project of Litecoin reached a new milestone as there are now 60 Million LTC minted as per information provided by on Medium and LitecoinBlockHalf. The Litecoin algorithm has set the limit of LTC to be produced at 84 Million. The new benchmark of 60 Million signifies that approximately 71.5% of all LTC meant to exist has been mined. This leaves a total of 24 Million left. Litecoin’s Halving Is Less Than A Year Away Also to note, is that the Litecoin block mining reward is adjusted every 840,000 blocks in a process popularly known as halving. The next halving has been estimated to occur around the 8th of August this year. This leaves approximately 208 days till the coin reward for each block decreases from 25 LTC to 12.5 coins. The halving event will thus push the next milestone of 70 Million LTC mined, to around…

Read the original article here