Breaking boundaries: Litecoin (LTC) achieves historic milestone as halving event approaches

TL;DR Breakdown

  • Litecoin has surpassed 170 million network transactions, reflecting its exponential growth and increasing popularity.
  • The steady momentum of Litecoin’s transaction volume indicates a surge in financial activities and acceptance of the cryptocurrency.
  • Litecoin has maintained 100% uptime over the past 11 years, establishing its reputation as a reliable and robust blockchain network.

Description

Litecoin, the renowned cryptocurrency often called “Digital Silver,” has achieved a remarkable milestone, surpassing a previously unattainable barrier of 170 million network transactions. This exciting news was unveiled in a captivating tweet highlighting Litecoin’s recent exponential growth. Litecoin has witnessed over 10 million new transactions in just seven weeks, reflecting a surge in financial activities … Read more

Litecoin, the renowned cryptocurrency often called “Digital Silver,” has achieved a remarkable milestone, surpassing a previously unattainable barrier of 170 million network transactions. This exciting news was unveiled in a captivating tweet highlighting Litecoin’s recent exponential growth.

Litecoin has witnessed over 10 million new transactions in just seven weeks, reflecting a surge in financial activities and potentially surpassing a million transactions each week. The steady momentum of Litecoin’s transaction volume is significant and indicative of this digital currency’s growing popularity and acceptance.

Litecoin’s impeccable track record of 100% uptime over the past 11 years distinguishes it. This impressive feat solidifies Litecoin’s position as a reliable and robust blockchain network, consistently making it the only platform to remain online for an extended period.

Amidst the escalating excitement surrounding Litecoin, all eyes eagerly anticipate the highly anticipated Litecoin (LTC) halving event, set to take place in approximately 18 days. This event marks the third halving in Litecoin’s history and holds immense significance for proponents of proof-of-work (PoW) cryptocurrencies.

Recent reports from IntoTheBlock, a leading on-chain analytics service, reveal that search patterns for Litecoin have soared to a new annual high. Analysts attribute this surge in interest to the imminent halving event, which has captured the curiosity of investors and enthusiasts alike.

With 9,875 blocks left before the event, Litecoin miners eagerly anticipate reducing mining payouts from 6.25 LTC to 3.125 LTC. This adjustment resulting from the halving event is generally regarded as a positive development within the Litecoin community, ensuring a controlled supply and driving up the value of the cryptocurrency.

Litecoin’s groundbreaking accomplishment of surpassing 170 million network transactions solidifies its position as a leading digital currency. As the countdown to the halving event continues, the anticipation and interest surrounding Litecoin are reaching new heights. With its remarkable growth and unwavering performance, Litecoin continues captivating investors, enthusiasts, and industry experts.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Breaking boundaries: Litecoin (LTC) achieves historic milestone as halving event approaches

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月17日 10:44
Next 2023年7月17日 15:46

Related articles

  • SPACE ID price analysis: ID price goes down to $0.465, as bears define the price function

    TL;DR Breakdown SPACE ID price analysis is bearish today. Support for ID/USD is present at $0.449. Resistance for ID is found at $0.511. The SPACE ID price analysis is bearish, indicating a decline in price today. The price has descended to the $0.465 level, reflecting a downward trajectory.  In the last month, the price trend has shown consistent variations, characterized by prolonged periods of fluctuation. Furthermore, the bears have maintained control for the third consecutive day, indicating their continued efforts to drive the price further downward, thereby sustaining their ongoing bearish slide. ID/USD 1-day price chart: Strong bearish momentum boosts downward propulsion The 1-day price chart for SPACE ID price analysis is going in favor of the bears once again, as they keep showing strong momentum. A significant price correction has occurred, with the value dropping to $0.465 today, resulting in a loss of around four percent over the last 24 hours. Upon analyzing the 1-day chart, we observe that the moving average value is currently situated at the $0.477 level. Furthermore, the Simple Moving Average (SMA) 20 curve is…

    Article 2023年6月3日
  • CZ Zhao defends Binance.US amidst SEC’s ‘Ceffu’ controversy

    TL;DR Breakdown SEC and Binance.US face increasing tensions over regulatory concerns. Allegations suggest Binance.US exposed customers to foreign business risks via an affiliated custody unit. CEO Changpeng “CZ” Zhao refutes any ties between ‘Ceffu’ or Binance Custody and Binance US. Description Tensions are rising in the Securities and Exchange Commission (SEC) and crypto exchange Binance. The Allegations is that Binance.US, a subsidiary of the global entity, exposed customers to potential foreign business risks through a supposedly affiliated custody unit. Binance’s charismatic CEO, Changpeng “CZ” Zhao, doesn’t mince words. Responding to the claims, he fervently clarified that … Read more Tensions are rising in the Securities and Exchange Commission (SEC) and crypto exchange Binance. The Allegations is that Binance.US, a subsidiary of the global entity, exposed customers to potential foreign business risks through a supposedly affiliated custody unit. Binance’s charismatic CEO, Changpeng “CZ” Zhao, doesn’t mince words. Responding to the claims, he fervently clarified that neither ‘Ceffu’ nor Binance Custody are associated with Binance US. On the widely followed social network that recently surpassed Twitter in popularity, Zhao asserted, “You can’t…

    Article 2023年9月20日
  • Binance announces end of support for BUSD stablecoin by February 2024

    TL;DR Breakdown Binance has announced it will stop supporting the BUSD stablecoin by February 2024. Binance-Peg BUSD withdrawals will stop from September 7th, 2023, but BUSD (ERC-20) will still operate on Ethereum. Despite the changes, Paxos guarantees that BUSD tokens will be backed and redeemable until February 2024.   Description Binance, the world-renowned cryptocurrency exchange, has made a significant announcement that has sent ripples throughout the crypto community. In a recent blog post, the exchange declared its intention to cease support for the Binance USD (BUSD) stablecoin. This decision comes on the heels of Paxos’ move to halt the production of new BUSD coins. By … Read more Binance, the world-renowned cryptocurrency exchange, has made a significant announcement that has sent ripples throughout the crypto community. In a recent blog post, the exchange declared its intention to cease support for the Binance USD (BUSD) stablecoin. This decision comes on the heels of Paxos’ move to halt the production of new BUSD coins. By February 2024, Binance users must transition away from BUSD, prompting them to explore other stablecoin options or…

    Article 2023年9月1日
  • Curve hacker returns assets, beginning with $10M in ETH and alETH

    TL;DR Breakdown The individual behind the $61 million asset drain on Curve Finance has begun to return some of the stolen cryptocurrency. Curve Finance, Metronome, and Alchemix offer a 10% bounty as a reward if the attackers return the remaining 90%. Description The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency. On Friday, the perpetrator utilized an Ethereum blockchain transaction to reach out to Alchemix, one of the victims and requested verification of the protocol’s address to facilitate the return of the … Read more The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency. On Friday, the perpetrator utilized an Ethereum blockchain transaction to reach out to Alchemix, one of the victims and requested verification of the protocol’s address to facilitate the return of the assets.  Subsequently, they transferred approximately $10 million worth of ether (ETH) and alETH to Alchemix’s multi-signature wallet through multiple transactions, as indicated by the data…

    Article 2023年8月5日
  • U.S. court freezes assets of Ex-Celsius CEO amid fraud probe

    TL;DR Breakdown Federal authorities have frozen the financial assets of Alex Mashinsky, the former CEO of cryptocurrency lending platform Celsius. The U.S. District Court for the Southern District of New York unsealed a restraining order on September 5. Celsius has entered into a non-prosecution agreement with the DOJ and is under new management. Description Federal authorities have escalated actions against Alex Mashinsky, the embattled former CEO of Celsius (CEL), a once-prominent cryptocurrency lending platform. On September 5, the U.S. District Court for the Southern District of New York unsealed a restraining order that froze Mashinsky’s financial assets. This move comes as part of an ongoing criminal probe led by … Read more Federal authorities have escalated actions against Alex Mashinsky, the embattled former CEO of Celsius (CEL), a once-prominent cryptocurrency lending platform. On September 5, the U.S. District Court for the Southern District of New York unsealed a restraining order that froze Mashinsky’s financial assets. This move comes as part of an ongoing criminal probe led by the Department of Justice (DOJ) and follows allegations of securities fraud and market…

    Article 2023年9月7日
TOP