Casper upgrade released

The first draft of the Casper proof-of-stake protocol upgrade from Ethereum developer Vlad Zamfir has been presented
22 November 2017   2990

Published on Tuesday, the code – following its presentation at the Devcon3 event earlier this month – intends to radically revise how blocks are created and distributed on the ethereum network. It is one of two concurrent applications to develop code for Casper, with the other arm being led by network creator Vitalik Buterin.

Zamfir's take on Casper comes several days after the publication of  a white paper, titled "Casper the Friendly Ghost".

The paper focuses on "correct-by-construction consensus protocols", seeking to facilitate how blockchains achieve consensus in a "partially synchronous network". This is an attempt to reduce the total complexity of the blockchain.

At the time when Zamfir's code release may represent on a small part of a bigger effort, its publication demonstrates a new phase of development that will lead ethereum a step closer to transforming the infrastructure that underlies the network.

Currently, miners discover and add new blocks through the proof-of-work process, which is energy-intensive process, driving miners to buy expensive power-hungry graphics cards.

Casper aims to get out of this model. Nodes could mine by essentially having funds deposited– the "stake" in proof-of-stake – and held over time, generating rewards as the node discovers each new block.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   110

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.