A groundbreaking cryptocurrency called Litecoin (LTC) has reached a major milestone by remaining online nonstop for 12.5 years. This accomplishment shows how reliable and powerful the network is.
“Litecoin works!” said the official Litecoin X handle in an enthusiastic tweet. for twelve and a half years. 100% of the time.”
When it first came out in 2011, LTC had no major issues. This makes it different from many other cryptocurrencies. The fact that the network has been up and running nonstop for over ten years shows how reliable its technology is and how dedicated its developers are to making it better.
Charlie Lee saw Litecoin as the “silver” to Bitcoin’s “gold,” and there will only ever be 84 million of them.
Litecoin’s Decade of Reliability
The network has been upgraded and made better in many ways. For example, in August 2023, the mining payout was cut in half, from 12.5 LTC per block to 6.25 LTC. This event happens about every four years and is meant to keep prices in check and keep the reward system working.
Since its launch, LTC has handled more than 238 million transactions, showing that it can adapt to the changing world of cryptocurrencies.
According to new information from IntoTheBlock, the Litecoin (LTC) network has more than five million long-term users, which is about 62.5% of all LTC addresses with a balance.Grayscale keeps buying LTC, most likely through its Litecoin Trust.
This month, Coinbase Derivatives became the first futures market regulated by the CFTC to offer margined LTC futures. This was another important step in the history of LTC.
According to the most recent data, LTC has gone up by 0.26% in the last 24 hours, hitting $84.43. It is now the 20th most significant cryptocurrency by market capitalization, worth $6.28 billion.
