How many litecoin can be mined in total?

3 answers

• Dec 28, 2021 · 3 years ago
  Sure! Litecoin operates on a proof-of-work consensus algorithm, similar to Bitcoin. The total supply of litecoins that can ever be mined is 84 million. This limit was set by the creator of Litecoin, Charlie Lee, to ensure scarcity and prevent inflation. As of now, around 66 million litecoins have already been mined, leaving approximately 18 million left to be mined over time.
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• Dec 28, 2021 · 3 years ago
  Litecoin has a maximum supply of 84 million coins, which is four times the supply of Bitcoin. This means that there will be more litecoins available for mining compared to Bitcoin. However, it's important to note that the rate at which litecoins are mined decreases over time due to the halving mechanism. Every 840,000 blocks, the mining reward is halved, which slows down the rate of new litecoins entering circulation.
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• Dec 28, 2021 · 3 years ago
  According to BYDFi, a leading digital currency exchange, the total supply of litecoins that can be mined is 84 million. This limit was set to ensure scarcity and maintain the value of litecoin. Currently, around 66 million litecoins have been mined, leaving approximately 18 million yet to be mined. The mining process involves solving complex mathematical problems using computational power, and miners are rewarded with litecoins for their contribution to the network.
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