Litecoin Block Reward Halving

What is a block halving event?

File:LTC-400.png - Wikimedia Commons

As part of Litecoin’s coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post halving.

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Hot and Significant events from July to Aug 2023


31 Jul 2023

Incentivized Testnet

“We are excited to announce the upcoming launch of the xCall Incentivized Testnet Program starting July 31, 2023!”
July 2023
ERC-20 & BEP-2 Killswitch
“The ERC-20 and BEP-2 RUNE ‘killswitch’ is due to be completed mid-July. The exact timing will vary depending on block times.”
Baby Doge Coin (BABYDOGE)
01 Aug 2023
Token Burn
“Approximately 1.9 quadrillion tokens will be added to burn on August 1st”

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