There is just a bit above a week before the very first halving of the block reward of Litecoin (LTC) transpires.
So, with the block reward splitting in half from 25 to 12.5 bitcoins,.CoinMarketCap - Most comprehensive list of cryptocurrencies market caps.
The most noticeable change comes in the form of a reduced Bitcoin block reward.
Earlier this week the first block reward halving for the Litecoin (LTC) has happened and although there was a bit of uncertainty about what exactly will.How Bitcoin block rewards halving would impact prices. comes once in every four years the concept of halving the reward for every mined block. Litecoin LTC.
This would result in miners leaving the network and leave the control of the network in hands of few.
Litecoin is the best performing altcoin up 140% in the past 30 days Your best investment in 2015.The last time a Bitcoin Block reward halving happened was on November 28, 2012 (from 50 to 25 bitcoins per block).
While the price is expected to go up this time too, to what level is still out for speculation.Currently the incentive is bitcoins released per completion of each block.Block Confirmations: Block Halving: Block Reward: Block Time: Consensus: Scrypt. 6. 840,000. 25. 150 seconds. PoW.Around July 13, 2016, the Bitcoin block mining reward will decrease from 25 to 12.5 coins. This event occurs every 210,000 blocks (roughly 4 years).Vitalik Buterin Block Reward Halving A Guide BITCOIN MAG Nov 27 2012 from ABC CS 1 at Stanford.But more transactions means better adoption and this is positive for the currency.
There are just about two more days left before the first Litecoin (LTC) block reward halving occurs, this should happen sometime on Tuesday, August 25th.
On 25 August 2015, Litecoin will go through a big milestone where its block reward will halve for the first time from 50 LTC to 25 LTC.In a few minutes, cf. countdown, the amount of bitcoins attributed to each block mined will be.
This means that the block subsidy is going to change from 50 LTC to 25 LTC,.