Litecoin, a peer-to-peer currency and open-source global payment network, announced it will be halving on Tuesday, Aug. 25, marking what the Litecoin Association calls a milestone in the cryptocurrency’s 4-year history. The association has produced a video that describes the halving’s significance to Litecoin. After the halving, Litecoin will reward miners 25 coins rather than 50 new coins per block for solving blocks, Litecoin explained in a video. “The halving process doesn’t just happen once,” the video explained. This process happens every four years for both Litecoin and Bitcoin, as stated in their respective codes. Video Explains Halving As inflation […]
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