Litecoin Foundation Launched LTCPay Service

The users can use LTCPay for free to accept Litecoin payments into their own wallet conveniently
16 April 2018   1639

Charlie Lee, the creator of Litecoin has announced in his Twitter account that the new project of Litecoin Foundation went live. LTCPay is a free service for merchants to accept Litecoin for their business. It is compatible with Bitpay service to allow seamless migration, and merchants do not need to trust LTCPay to accept payments since all payments go directly to merchant's wallets.

LTCPayLTCPay

Lightning Network is enabled within the service, and the users can use LTCPay for free to accept Litecoin payments into their own wallet conveniently. LTCPay supports many APIs, and the reports and invoices can be generated. Fiat conversion is currently not supported yet.

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

  • Average Price: $126,75
  • Market Cap: $7 111 730 878
  • 24h Vol: $287 061 000

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   105

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.