Litecoin hashrate increased by 2.88% in the past 24 hours, ensuring strong stability of the network. The circulating supply of Litecoin exceeds 75 million coins, and only 9 million coins are mined.
In October 2024, the Litecoin hashrate is close to 1.23 PH/s, clearly reflecting the strength of the network and stable mining activity.
According to Litecoin’s official tweet, this hashrate has increased by approximately 2.88% in the past 24 hours, demonstrating the continued resilience of the network. Currently, the block height is over 2,769,000, the Litecoin difficulty is 41,650,000, and a block is generated regularly every 2 minutes and 26 seconds.
Network Check: The current hashrate of Litecoin is 1.23 PH/s with block height 2,768,393 and difficulty level 41,654,287. Business as usual $LTC ⚡️ pic.twitter.com/j2lOYJ9LHH
— Litecoin (@litecoin) October 5, 2024
Litecoin hashrate and supply milestones highlight network stability
Maintaining the security and stability of the network is highly dependent on this consistent hashrate, especially when processing mining activities and changing its difficulty level.
Litecoin supply reflects not only hashrate but also continuous mining activity. According to CNF, the number of Litecoin in circulation has now reached an ambitious goal of over 75 million coins. This leaves over 9 million coins yet to be mined from a capped supply of 84 million LTC. Litecoin shortages could impact its value and market trends as the overall supply approaches its limit.
Meanwhile, as we previously reported, MoneyGram is also increasing adoption by allowing U.S. consumers to exchange and hold Litecoin, Bitcoin, and Ethereum via its mobile app. Litecoin’s accessibility and ease of use could be further improved through interaction with mainstream financial services.
Binance Pool also continues to support merge mining of Litecoin, Dogecoin, and Bellscoin, even though Bellscoin’s listing is not certain.
Meanwhile, LTC is trading at $66.78 at the time of writing, reflecting 5.05% growth over the past 30 days. This price change increased the coin’s market cap to over $5 billion.
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