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RE: In less than 24 hours, Litecoin Halving or Litecoin Halvening will half mining rewards from 25 LTC to 12.5 LTC
@coingecko, I want to educate myself and want to know about your opinion and that is, How Litecoin Halving will impact Cryptocurrency Space? I don't have much knowledge about it so want to gain to some extent.
Thank you.
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Most importantly, from now on, after the hardfork, Each time a new block is mined on the Litecoin blockchain, the miner will only be rewarded 12.5 LTC instead of 25 LTC.
This means the inflation rate of LTC is reduced now. It will take more energy to mine Litecoin (since miner will only get half as much coins for the same computing power).
Thank you so much for your kind response and for this Knowledge Transfer. Keep up the good work.
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