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Litecoin, a pioneering cryptocurrency since 2011, recently celebrated 12.5 years of uninterrupted uptime, a testament to its reliability and the robustness of its technology. Created by Charlie Lee to complement Bitcoin, akin to “silver” to Bitcoin’s “gold,” Litecoin has consistently shown resilience with no significant downtime. This milestone, highlighted by the official Litecoin X Twitter account, reinforces the network’s strength and the ongoing commitment of its developers. Notably, Litecoin underwent a crucial “halving” event in August 2023, cutting mining rewards from 12.5 LTC to 6.25 LTC per block to control inflation and sustain the mining ecosystem.
Further enhancing Litecoin’s stature in the crypto world, Coinbase Derivatives launched margined LTC futures this month, the first regulated by the CFTC. This introduction aligns with the network’s progressive stance as Litecoin evolves with the broader market. Data from IntoTheBlock shows over five million long-term holders, making up about 62.5% of all Litecoin addresses. This enduring trust in Litecoin, alongside significant investments like Grayscale’s Litecoin Trust, indicates a strong, growing confidence in cryptocurrencies akin to Bitcoin.
