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.)
Bitcoin Funds See Significant Net Outflows Heading Into Year-End – What’s Going On?
The high tide of liquidity that has recently supported Bitcoin prices appears to be receding rapidly. The market is now...
