On Saturday, December 12, in the network of Litecoin was produced 60 millionth coin. Thus, to date, naminee about 71,5% of the total emission in the amount of 84 000 000 LTC, said in a blog Litecoin.com.
Milestone 60,000,000 Litecoin have now been mined ⛏#litecoin #ltc #crypto #blockchainhttps://t.co/7XtSUQsyLG
— Litecoin.com (@LitecoinDotCom) January 12, 2019
The achievement of this historical stage also means that there get only 3 000 000 LTC until next halving when the amount of reward for found block will drop from the current 25 to 12.5 LTC LTC.
According to LitecoinBlockHalf, this halving of the award will occur August 8, 2019, and by that time we will produce 75% of the total emission cryptocurrencies.
At the current rate of emissions production of 1 million LTC is about 70 days, after halving this period will be doubled to 140 days. It is also noted that given the deflationary model Litecoin 70 millionth coin is mined in about 1330 days, that is somewhere in the middle of 2022.
The last coin LTС, according to the mathematical model of cryptocurrency should be naminanu roughly in 2142 year. The amount of reward for found block will make 0.00000042 LTC.
We will remind, in October 2018, the developers of cryptocurrencies stated that with the release of the software Litecoin Core 0.17 Commission “digital silver” will be reduced 10 times.