How many Litecoins are there in total?
- DDDOriginal
- 2024-04-25 11:44:171053browse
The issuance limit of Litecoin is 84 million. This cap is built into Litecoin’s code, ensuring that the supply is limited and preventing inflation from diluting its value. The circulating supply is approximately 71 million coins and is expected to reach the upper limit around 2050.
Litecoin issuance
The upper limit of Litecoin issuance is 84 million .
Litecoin is a peer-to-peer cryptocurrency created in 2011 by Charlie Lee. It is intended to be a complement to Bitcoin, with faster transaction confirmation times and greater scalability.
Unlike its base asset, Bitcoin, Litecoin does not have a hard cap. However, the issuance cap has been built into Litecoin’s code, ensuring that the supply is limited and preventing inflation from diluting Litecoin’s value.
The upper limit of Litecoin issuance is determined by the following formula:
84 million = (block reward / block halving time) x 84
blocks Rewards are halved every 840,000 blocks. This means that over time, new Litecoins will be created at a slower and slower rate.
As of August 2023, the circulating supply of Litecoin is approximately 71 million coins. Therefore, there are approximately 13 million Litecoins left to be mined. Litecoin is expected to reach its issuance limit around 2050.
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