Litecoin Network Secures 1.23 PH/s Hashrate and 75M Supply Milestone

• Litecoin’s hashrate has increased by 2.88% over the past 24 hours, ensuring strong network stability.
• Litecoin’s circulating supply has surpassed 75 million, with only 9 million coins left to be mined.

With Litecoin’s hashrate approaching 1.23 PH/s in October 2024, network strength and steady mining activity are clearly reflected.

According to an official Litecoin tweet, this hashrate has risen about 2.88% over the previous 24 hours, demonstrating the network’s continuous resiliency. Now surpassing a block height of 2,769,000, Litecoin has a difficulty of 41.65 million and regular block production every 2 minutes and 26 seconds.

Network Check: The current Litecoin hashrate is 1.23 PH/s at block height 2,768,393 with a difficulty of 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 depends critically on this consistent hashrate, especially as it handles mining activity and modifies its difficulty.

Litecoin’s supply also reflects the continuous mining activities, not only in the hashrate. According to CNF, the circulating count of Litecoin has now reached a significant mark—more than 75 million coins. This leaves over 9 million coins still to be mined from a capped supply of 84 million LTC. Litecoin’s shortage can affect its value and market dynamics when the overall supply gets close to its limit.

On the other hand, as we previously reported, adoption is also rising as MoneyGram lets US consumers exchange and keep Litecoin, Bitcoin, and Ethereum via its mobile app. Litecoin’s accessibility and usability could be improved even more by this interaction with mainstream financial services.

Binance Pool also keeps supporting merged mining for Litecoin, Dogecoin, and Bellscoin, even though Bellscoin is not assured to be listed.

Meanwhile, reflecting a 5.05% growth over the last 30 days, LTC is swapping hands at $66.78 at the time of writing. The coin’s market cap has risen to more than $5 billion because of this pricing shift.