This soft fork enabled certain Litecoin LTC transactions to be processed privately.
LITECOIN MWEB SIGNAL UPGRADE
In 2022, Litecoin LTC rolled out a pivotal upgrade called MimbleWimble, or MWEB.
The cryptocurrency, capped at 84 million coins, implemented a merge-mining system with Dogecoin (DOGE) in 2014, sharing the same computational equipment for mining. Introduced by Charlie Lee, a former Google engineer and early Bitcoiner, in October 2011, Litecoin LTC has had an illustrious run. The anticipation of Litecoin's LTC halving has already induced a double-digit surge in the prices of Litecoin LTC, Bitcoin Cash BCH, Bitcoin Cash ABC (XEC) and other Bitcoin-like cryptocurrencies. Historically, halving events typically instigate a bullish cycle for not only the primary cryptocurrency but also for the major altcoins. Following the halving, owners of Litecoin LTC mining rigs will earn $607.8 every 2.5 minutes at current prices.Source: U.Today Presently, Litecoin LTC miners are rewarded with 12.5 Litecoins LTC per block, a reward that will be slashed to 6.25 LTC post-halving. 2, 2023, Litecoin's halving will witness the emission of the cryptocurrency reduced by 50%. Deemed as one of the most crucial events of 2023 for proof-of-work (PoW) cryptocurrency enthusiasts, traders and investors, the Litecoin LTC halving signals a pivotal moment for the coin's price, technology and road map. Renowned cryptocurrency Litecoin LTC, the "digital silver" and most successful Bitcoin BTCUSD fork, is gearing up for its eagerly anticipated third halving event.
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