Litecoin Halving: How Reward Reduction Affects LTC! 📉✨
Like Bitcoin, Litecoin experiences halving events (the halving of rewards for miners). This programmed reduction in the reward for mining a new block occurs approximately every 4 years (or every 840,000 blocks).
Purpose: To control inflation and gradually reduce the issuance of new LTC, making it a more scarce asset.
Consequences: Historically, halvings have led to price increases for Litecoin due to reduced supply, although this is not a guarantee of future price movements.
When is the next one? The last LTC halving occurred in August 2023. The next one is expected around 2027.
Halving is a key event in the Litecoin economy, highlighting its deflationary nature and the predictability of its issuance.