Dear readers, when we talk about cryptocurrencies it is impossible not to remember the projects that were pioneers and that came out after bitcoin came out, such is the case of Litecoin that was created by Charlie Lee in 2011, litecoin is a fork of bitcoin with the intention of being an alternative in the improvement of bitcoin. This project since its inception sought to generate faster blocks and cheaper commissions, something that has undoubtedly made it an efficient and economical alternative to make payments, thanks to the low costs in each transaction has been adopted by many people when transferring economic resources represented in cryptos.
From the beginning litecoin was known as the silver of bitcoin gold, it has a limit of 84 million available coins and the consensus mechanism is based on proof of work (PoW) and like bitcoin to control its emission and reward for miners, a halving is resorted to (which is an event in which the block reward of a cryptocurrency is divided in half in order to reduce its emission level). Unlike bitcoin in litecoin occurs every 840,000 blocks, the last litecoin halving occurred in August 2019 and it is expected that by August 2023 the next halving will occur that occurs every 4 years and the current rewards will be halved, currently the reward is 12.5 Ltc per mined block and could end up being 6.25 Ltc per block.
The aforementioned in recent days has caused a lot of stir, since there is a feeling that this year 2023 will be good for litecoin before the halving, being able to reach its all-time high if this were to be related to a recovery of the cryptocurrency market. The small price increase has already begun to be observed at the beginning of this year where the Ltc reached this January 02 a price of 75 dollars which presents a 7% increase in a few hours as reported by some news portals. In relation to this there are some historical data that indicate that prior to the arrival of the halving some positive data are recorded in relation to the price.
Dear readers, litecoin is a coin that is among the top 15 in market capitalization according to coinmarketcap, it has started to climb steps these last few weeks. Despite not being an innovative project, since 2011 it has been on the market in an interrupted way which generates some confidence in many investors, current prices make it an alternative to invest in the long term.
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