In terms of network transactions, Litecoin has broken a record. An interesting tweet states that the Litecoin network has handled its 170 millionth transaction.
This demonstrates Litecoin’s quickening expansion, which has seen over 10 million new transactions in the last seven weeks. According to this, there must be far over a million transactions every week.
This is noteworthy since Litecoin has had nearly 11 years of uninterrupted uptime and has never had a downtime. Litecoin, often referred to as the “Digital Silver” to Bitcoin’s “Digital Gold,” claims to be the only blockchain with over 11 years of uninterrupted uptime.
The Litecoin (LTC) halving is among the most anxiously awaited events of 2023 for all supporters of proof-of-work (PoW) cryptocurrencies. Litecoin (LTC) is about to see its third halving in history; the previous two took place in 2015 and 2019.
On July 12, on-chain analytics company IntoTheBlock said that Litecoin search patterns had reached a new annual high. The forthcoming halving event is thought to be a major factor in the increased interest, according to Media issues.
The countdown until the halving event is broken down by OKLink’s analytics platform. With an estimated date of August 2, the countdown is currently at 17 days and 3 hours. For this event, there are now 9,875 blocks left.
The Litecoin mining incentives will drop from 6.25 LTC to 3.125 LTC as a result of the halving event, which is viewed as a net benefit.
At the time of writing, LTC had decreased slightly over the previous day to $94.70. Litecoin is now ranked 12th among all cryptocurrencies with a market value of $6.94 billion.
