Rupee changes its mining algorithm

Rupee is preparing to release renewed algorithm for mining on April 16 featuring ASIC-resistance
07 April 2018   1662

The release date for new code to implement Lyra2REv2 in the Rupee blockchain is set to April 16. Back in February, the development team has successfully begun the testing phase of Lyra2REv2. The progress of the phase can be monitored publicly at the Github testnet. A certain level of alignment with several different third-party providers.

Namely, the code and wallets at all of Rupee-operating exchanges should be updated before the algorithm is available for mining purposes. As the exchanges are busy most of time, the upgrade process will be coordinated with the consideration of the exchanges' schedule. The final review of the code is completed by now.

At the moment of publication, the market parameters for Rupee are as follows:

Average price: $0.069962

Market cap: $1,603,281

Volume (24H): $3,475

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   170

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.