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.
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.
Litecoin Halving Past and Upcoming Events
LTC Halving EventDateBlockRewardNew LitecoinsMined %
First Halving 25 Aug, 2015840,000 2521,000,00075
Second Halving 5 Aug, 20191,680,000 12.510,500,00087.5
Third Halving 2 Aug, 20232,520,000 6.255,250,00093.75
Fourth Halving
Aug, 2027
3,360,000 3.1252,625,00096.875
Fifth Halving Aug, 20314,200,000 1.56251,312,50098.4375
Sixth Halving Aug, 20355,040,000 0.78125656,25099.21875
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