Litecoin, like Bitcoin, has a fixed maximum supply designed to ensure scarcity. The total supply of Litecoin is 84 million LTC, which is exactly four times the maximum supply of Bitcoin.
Current Circulation
As of now, approximately 74 million Litecoins have already been mined and are in circulation. The remaining coins will be introduced gradually through mining, with the rate decreasing over time due to halving events.
Why the Limit?
The 84 million cap was established by Litecoin’s creator, Charlie Lee, to provide a predictable and deflationary monetary system. This scarcity mechanism contrasts with traditional fiat currencies, which can be issued without a strict cap.
Mining and Halving
Litecoins are generated as rewards for miners who validate transactions and maintain the security of the network.
- The block reward halves every 840,000 blocks, which happens approximately every 4 years, reducing the rate of new LTC issuance.
- This halving mechanism ensures that Litecoin remains deflationary and predictable in supply.
- The final Litecoin is expected to be mined around the year 2142.
Summary Table
| Aspect | Detail |
|---|---|
| Maximum Supply | 84,000,000 LTC |
| Litecoins Mined So Far | ~74,000,000 LTC |
| Current Block Reward | 6.25 LTC per block |
| Next Halving Event | Expected in August 2027 |
| Estimated Final Litecoin | Year 2142 |
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