Litecoin Undergoes Third ‘Halving,’ in Milestone for 12-Year-Old Blockchain

CoinDesk reported:

Bitcoin and Litecoin both reward “miners” who process transactions and secure the network, with a reward – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.)

Read more