Litecoin Has Mined 65 Million, Now Less Than 19 Million LTC To Be Mined

The 65 millionth Litecoin has been mined. There are now less than 19 million LTC to be mined, litecoin.com published on May 12.

According to that, on the 12th May 2020 at 20:04:39 UTC Block 1,840,000 created the 65 millionth Litecoin, marking another milestone on the network. There are now less than 19 million Litecoin to be mined. The last Litecoin is estimated to be mined around 2142 due to the deflationary nature of the network.

Source: litecoinblockhalf.com

According to data from blockchair the 6.831 KB block was mined by LTC.TOP and contained 19 transactions (18 of which were segwit type transactions) with 32 inputs and 38 outputs moving Ł90.97470744 ($3,835) (with an average coin age of 565.587 days) over the network.

The current network inflation rate according to litecoinblockhalf.com is 4.13% which equates to ~7,200 new Litecoin mined each day and the current network hashrate is 182TH/s.

In August of last year, Litecoin completed its second halving, reducing its block reward to 12.5 LTC. Before halving, LTC had a peak of the year when it reached $ 140, however the price dropped shortly thereafter, and is currently trading at $ 42.

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