Charlie Lee proposing Litecoin soft fork

Charlie Lee, a creator of Litecoin, stated that he is considering upgrading Litecoin with a soft fork to let miners signal their minimum accepted fee in the block header
07 January 2018   2090

In a recent tweet, Charlie Lee claimed that Litecoin should undergo a soft fork that will let miners signal their minimum accepted fee in the block header, which should let a fee market develop without having developers to decide what the minimum fee is. Also, it will make it easier for users to estimate fees.

At the moment of press, these are main market parameters of Litecoin:

  • Average price: $298,78
  • Marketcap: $16 329 161 287
  • 24h volume: $1 305 250 000

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   107

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.