What is the issuance and circulation of LTC coins?

Litecoin's initial supply was 84 million coins, four times the supply of Bitcoin at the time, and its issuance schedule involves regular halving events that reduce the block reward for miners over time.

Oct 06, 2024 at 02:35 pm

Issuance and Circulation of Litecoin (LTC)1. Initial Creation:

In October 2011, Litecoin was created by Charlie Lee, a former Google employee and cryptocurrency enthusiast.
The initial supply of LTC was set at 84 million coins, which was 4 times the supply of Bitcoin (BTC) at the time.

2. Issuance Schedule:

Litecoin's issuance schedule is similar to Bitcoin's in that the block reward for miners gradually decreases over time through a process called "halving."
The halving events occur every 840,000 blocks, or approximately every 4 years.

3. Halving History:

The first halving occurred in August 2015, reducing the block reward from 50 LTC to 25 LTC.
The second halving occurred in August 2019, further reducing the block reward to 12.5 LTC.
The third halving is expected to occur in August 2023.

4. Current Issuance Rate:

As of February 2023, Litecoin's issuance rate is approximately 16,500 LTC per day.
This rate will continue to decrease with each subsequent halving until the total supply of 84 million LTC has been reached.

5. Circulation:

Litecoin's circulating supply as of February 2023 is approximately 71 million LTC.
The difference between the initial supply and the circulating supply represents the amount of LTC that has been lost, destroyed, or is currently uncirculated.

6. Lost or Destroyed LTC:

Some Litecoin has been lost or destroyed over the years due to various reasons, such as hardware failures, accidental deletion of private keys, or theft.
Estimates suggest that anywhere from 4 to 10 million LTC may have been lost or destroyed permanently.

7. Uncirculated LTC:

A significant portion of Litecoin's supply is currently uncirculated, meaning it has not been transferred since being mined.
This uncirculated LTC may eventually enter circulation as people and institutions decide to sell or spend their holdings.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Big Apple Bets: Ripple Takes Europe, Google Stumbles in Seoul – A Global Payments Tug-of-War
2026-02-03 01:20:02
Bitcoin Futures Face Fresh Collapse Concerns as Market Nerves Fray
2026-02-03 01:10:01
Ozark AI Ignites Crypto Buzz: Strategic Listings Fueling 700x Price Acceleration Talk
2026-02-03 01:20:02
Bitcoin Price Dips Below $80,000, Sparking Market Sell-Off and Liquidations
2026-02-03 01:10:01
Rome's Trevi Fountain: A Two-Euro Ticket to Taming the Crowds
2026-02-03 01:00:02
Justin Sun's $100 Million Bitcoin Bet: A Contrarian Play Amidst Crypto Winter
2026-02-03 01:15:02

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validato...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a ...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTec...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat ...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig Walle...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contrac...