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- Halving? -Halving!
Litecoin halving refers to a significant event that occurs approximately every four years in the Litecoin blockchain protocol. It is an essential aspect of Litecoin's monetary policy, designed to control the inflation rate and ensure the limited supply of Litecoin over time.
During a Litecoin halving, the mining reward that miners receive for successfully adding a new block to the blockchain is reduced by half. The process is hard-coded into the Litecoin protocol and occurs every 840,000 blocks, which is approximately every four years.
The reduction in mining rewards has a direct impact on the rate at which new Litecoins are created and introduced into the market. Litecoin halving events are similar to those of Bitcoin, and they are essential for several reasons:
🔹️Halving events help control the rate at which new Litecoins are created, ensuring that the supply is limited. This scarcity can potentially contribute to the digital asset's value over time.
🔹️By reducing the mining reward, halvings effectively lower the inflation rate of Litecoin, making it a deflationary asset.
🔹️ Halvings can generate significant attention and speculation in the cryptocurrency community, leading to increased interest and trading activity around the event.
🔹️While halvings reduce the rewards for miners, they also serve as an incentive for miners to continue supporting the network by securing the blockchain.
#ContentStar# 6 Entities Have Filed Applications for Ethereum Futures-based ETFs
Six entities, including Volatility Shares, Bitwise, VanEck, Roundhill, ProShares, and Grayscale, have filed applications with the SEC for ether futures-based ETFs. If approved, these ETFs will launch 75 days from the filing date, with Volatility Shares being the first on October 12. The excitement around crypto-related ETFs was triggered by the wave of applications for spot bitcoin ETFs, with Grayscale urging the SEC to approve all spot bitcoin ETF applications simultaneously for equal treatment. #ContentStar#Litecoin (LTC) Price History
Launched two years after Bitcoin, Litecoin quickly reached a high of $0.30 in 2011, showing early promise. The real breakthrough came in Q4/2013 when Litecoin experienced an excellent price surge of 1,000%, peaking at $44.53.
However, Litecoin’s price significantly declined over the next three years. It traded below $5 and even plummeted to a low of $1.38. In April 2017, Litecoin managed to surpass the $5 mark, leading to a remarkable surge that reached an all-time high of $319.26 in December, a staggering increase of over 6,000%.
As the crypto market entered 2018, Litecoin’s price rose from $43 to $77.11. Unfortunately, the advent of the COVID-19 pandemic disrupted the bull market’s momentum, causing LTC to hit a low of $30.49 in March.
In 2019, during Litecoin’s last halving event, it recorded a yearly gain of 38%, starting from an opening price of $29.78 and closing at $41.1. Throughout the summer of 2020, Litecoin maintained its price but later experienced a short-term drop in early December, settling at an average price of around $160 by the end of the year.#ContentStar#
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