Satoshi

Litecoin

Satoshi Nakamoto

Bitcoin

Block

<p>The upcoming Litecoin halving event is estimated to take place in August, 2027 roughly after 1302 days and 17 hours. It will reduce the current LTC block reward of 6.25 LTC to 3.125 LTC. When Litecoin blockchain was launched in 2011, its mining block reward was 50 LTC. After 3 Litecoin halving events, its block reward came down to 6.25 LTC and block height reached 2,520,000.<br> Halving events in blockchain networks are an intelligent way of reducing the token supply and increasing the value over time. Satoshi Nakamoto introduced the concept of Halving with Bitcoin blockchain. Being a hard fork of Bitcoin, Litecoin also shares most of its features, including the halving event. While the total supply of Bitcoin is 21 million, Litecoin’s token supply is 84 million. The halving event plays a crucial role in achieving this limited token supply. And, unlike fiat currencies, Litecoin can avoid inflation over the long run by reducing the supply and increasing the value when demand rises.</p>
<div class="BCABPW-table casino-table">
 <h2 class="mb-3" id="litecoin-halving-key-events">Litecoin Halving Key Events</h2>
 <table id="tablepress-95" class="tablepress tablepress-id-95 all-table-handler bitcoin-halving halving-table">
  <thead>
   <tr class="row-1">
    <th class="column-1">LTC Halving Event</th>
    <th class="column-2">Date</th>
    <th class="column-3">Block</th>
    <th class="column-4">Reward</th>
    <th class="column-5">New Litecoins</th>
    <th class="column-6">Mined %</th>
   </tr>
  </thead>
  <tbody>
   <tr class="row-2">
    <td class="column-1">First Halving</td>
    <td class="column-2"><i class="fa fa-calendar" aria-hidden="true"></i> 25 Aug, 2015</td>
    <td class="column-3">840,000</td>
    <td class="column-4"><i class="fa fa-trophy" aria-hidden="true"></i> 25</td>
    <td class="column-5">21,000,000</td>
    <td class="column-6">75</td>
   </tr>
   <tr class="row-3">
    <td class="column-1">Second Halving</td>
    <td class="column-2"><i class="fa fa-calendar" aria-hidden="true"></i> 5 Aug, 2019</td>
    <td class="column-3">1,680,000</td>
    <td class="column-4"><i class="fa fa-trophy" aria-hidden="true"></i> 12.5</td>
    <td class="column-5">10,500,000</td>
    <td class="column-6">87.5</td>
   </tr>
   <tr class="row-4">
    <td class="column-1">Third Halving</td>
    <td class="column-2"><i class="fa fa-calendar" aria-hidden="true"></i> 2 Aug, 2023</td>
    <td class="column-3">2,520,000</td>
    <td class="column-4"><i class="fa fa-trophy" aria-hidden="true"></i> 6.25</td>
    <td class="column-5">5,250,000</td>
    <td class="column-6">93.75</td>
   </tr>
   <tr class="row-5">
    <td class="column-1">Fourth Halving</td>
    <td class="column-2"><i class="fa fa-calendar" aria-hidden="true"></i> <br> Aug, 2027<br> <br></td>
    <td class="column-3">3,360,000</td>
    <td class="column-4"><i class="fa fa-trophy" aria-hidden="true"></i> 3.125</td>
    <td class="column-5">2,625,000</td>
    <td class="column-6">96.875</td>
   </tr>
   <tr class="row-6">
    <td class="column-1">Fifth Halving</td>
    <td class="column-2"><i class="fa fa-calendar" aria-hidden="true"></i> Aug, 2031</td>
    <td class="column-3">4,200,000</td>
    <td class="column-4"><i class="fa fa-trophy" aria-hidden="true"></i> 1.5625</td>
    <td class="column-5">1,312,500</td>
    <td class="column-6">98.4375</td>
   </tr>
   <tr class="row-7">
    <td class="column-1">Sixth Halving</td>
    <td class="column-2"><i class="fa fa-calendar" aria-hidden="true"></i> Aug, 2035</td>
    <td class="column-3">5,040,000</td>
    <td class="column-4"><i class="fa fa-trophy" aria-hidden="true"></i> 0.78125</td>
    <td class="column-5">656,250</td>
    <td class="column-6">99.21875</td>
   </tr>
  </tbody>
 </table> 
</div>
<p>The post <a href="https://coingape.com/halving/live-litecoin-halving-countdown/" rel="noopener noreferrer nofollow">Live Litecoin Halving Countdown</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Live Litecoin Halving Countdown

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