LTC coin issuance price and total issuance volume in one article

litecoin (LTC) was initially released at $4.31 per coin, with a total issuance volume capped at 84 million coins.

Oct 07, 2024 at 12:48 am

LTC Coin Issuance Price and Total Issuance Volume

Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin fork and the first altcoin, and is designed to provide fast, secure, and low-cost payments.

Issuance Price

LTC was issued at a price of $4.31 per coin on October 7, 2011.

Total Issuance Volume

The total issuance volume of LTC is 84 million coins. New LTC coins are created through mining, which is the process of verifying and adding transaction records to the public ledger. The mining reward for each block found is initially 50 LTC, and halves every 840,000 blocks, or approximately every four years.

The current block subsidy is 12.5 LTC. The total issuance volume of LTC is fixed and will never exceed 84 million coins.

Conclusion

LTC is a well-established cryptocurrency with a strong community and a proven track record. The coin's issuance price and total issuance volume are important factors to consider when evaluating its investment potential.

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