Litecoin, like Bitcoin, uses a “proof-of-work” security mechanism – relying on “miners” who expend computational resources to process transactions and secure the network. During that process, miners win rewards – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.)
2024 in Overview: VIRTUAL High Gainer After 23,000% Surge; Memecoins Dominate
The cryptocurrency market skilled a surge in 2024, with VIRTUAL, the native token of Virtuals Protocol, main the cost with...
