As Litecoin Halving Approaches, Founder Touts Silver Collector Cards Loaded With 'Digital Silver'

The cards will commemorate the blockchain’s third halving event, expected to happen on Wednesday.

The brothers made the announcement during a Twitter livestream, one week before Litecoin’s expected Aug. 2The litecoin cryptocurrency was created in 2011 as a “fork” or clone of the Bitcoin blockchain, and much like its ancestor, the Litecoin network rewards miners with a predetermined number of coins for successfully mining a block of transactions. That reward is halved every 840,000 blocks . The third halving takes place on Wednesday and reduces the current 12.5 litecoin subsidy to 6.25 LTC.

The passphrase and EPK can then be submitted to Ballet’s mobile app to decrypt the private key via a bitcoin improvement proposal 38 algorithm, according to Bobby Lee.

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Bitcoin mining update: Stocks cool off, miners send BTC to exchanges to prep for halvingMiners are bracing for a bumpy ride as they head into the halving, with competition and profitability expected to remain under pressure. In July, Bitcoin mining stocks continued their positive 2023 run, with the top 10 stocks by market cap gaining 23.10% on the month on average, with a year-to-date return of 277.34%.
Source: Cointelegraph - 🏆 562. / 51 Read more »