As Bitcoin approaches its own halving next year, Litecoin’s has already arrived, as miner block rewards go from 12.5 to 6.25 LTC per block later on today.
The silver to Bitcoin’s gold
When Litecoin creator Charlie Lee read an article in 2011 about this new form of payment that was being used on the Silk Road at the time he was immediately intrigued, and set about copying many aspects of the Bitcoin code in order to produce his own blockchain which he called Litecoin.
Litecoin, often called the silver to Bitcoin’s gold, is still with us, and holders will celebrate its third halving event at around 15:08 UTC (16:08 BST). The mining rewards will be cut in half, leading to what founder Charlie Lee calls a “disinflationary” system.
The Litecoin price history
It can be argued that the Litecoin halving, although a disinflationary event, does not actually impact the price, at least not in the short term. At the time of the first Litecoin halving in August 2015 price remained flat, wi
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