Litecoin (LTC), one of many pioneering cryptocurrencies, has achieved a exceptional milestone, marking 12.5 years of uninterrupted uptime. This achievement underscores the community’s reliability and resilience.
“Litecoin works. for 12 and 1/2 years. 100% uptime,” the official Litecoin X deal with wrote in a celebratory tweet.
Since its inception in 2011, Litecoin has been working with out vital downtime, a feat that not many cryptocurrencies can declare. The community’s capability to keep up steady operation for over a decade is a testomony to the power of its underlying know-how and the dedication of its growth neighborhood.
Created by Charlie Lee, Litecoin was designed to be the “silver” to Bitcoin’s “gold,” with a provide restrict of 84 million cash.
The community has seen a number of upgrades and enhancements over time. Notably, Litecoin underwent a “halving” in August 2023, which lowered the mining reward from 12.5 LTC to six.25 LTC per block. This occasion, which happens roughly each 4 years, is designed to manage inflation and lengthen the longevity of the reward system.
Trying forward, Litecoin continues to evolve with the broader cryptocurrency market, having processed over 238 million since its inception. Not too long ago, IntoTheBlock reported that the Litecoin (LTC) community has surpassed 5 million long-term holders, accounting for round 62.5% of all LTC addresses with a steadiness.
The buildup of Litecoin continues over at Grayscale, most certainly related to Grayscale’s Litecoin Belief.
Coinbase Derivatives grew to become the primary CFTC-regulated futures change to supply margined LTC futures this month, marking one other vital milestone.
On the time of writing, LTC had risen 0.26% within the final 24 hours to $84.43 and is the twentieth largest cryptocurrency with a market capitalization of $6.28 billion.
