What is the maximum supply of Litecoin?
Deepak subediDec 24, 2021 · 3 years ago3 answers
Can you please provide me with the details about the maximum supply of Litecoin? I would like to know the total number of Litecoins that will ever exist and how it affects the value and scarcity of the cryptocurrency.
3 answers
- Dec 24, 2021 · 3 years agoThe maximum supply of Litecoin is capped at 84 million coins. This limit was set by the creator of Litecoin, Charlie Lee, to ensure that the cryptocurrency remains scarce and valuable. The limited supply of Litecoins contributes to its price appreciation over time, as the demand for the cryptocurrency increases.
- Dec 24, 2021 · 3 years agoLitecoin has a maximum supply of 84 million coins. This means that once all 84 million Litecoins have been mined, no new coins will be created. The limited supply of Litecoins is one of the factors that contribute to its value and makes it attractive to investors.
- Dec 24, 2021 · 3 years agoThe maximum supply of Litecoin is 84 million coins, just like Bitcoin. This limit was implemented to prevent inflation and maintain the scarcity of the cryptocurrency. Litecoin's maximum supply is often seen as one of its advantages over traditional fiat currencies, as it cannot be devalued by excessive printing of new coins.
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