How many Litecoins have been issued in total?

The total issuance of Litecoin is 84,000,000, which is larger compared to Bitcoin’s 21 million. The total issuance is generated through mining and is halved every four years. As of February 2023, there are approximately 17,166,884 Litecoins yet to be mined, and the coin’s limited issuance provides intrinsic value, making it a potential store of value.

Total Litecoin issuance

Litecoin (LTC) is the second-largest cryptocurrency by market capitalization, second only to Bitcoin. It was created in 2011 by Charlie Lee and aims to be the “silver” of Bitcoin.

Total issuance

The total issuance of Litecoin is 84,000,000, which is much larger than Bitcoin’s 21 million .

Distribution Mechanism

The issuance of Litecoin is generated through mining, similar to Bitcoin. The mining of each block rewards miners with a certain number of Litecoins.

Halving

Like Bitcoin, Litecoin also halves every four years. This means that the reward for mining Litecoin will be halved, which makes the circulation of new Litecoin slower.

Number of Unmined Litecoins

As of February 2023, approximately 66,833,116 Litecoins have been mined. This means there are 17,166,884 Litecoins that have yet to be mined.

Influencing Factors

The total issuance of Litecoin is limited, which is in sharp contrast to the unlimited issuance of fiat currencies. This finite nature provides Litecoin with intrinsic value and makes it possible to serve as a store of value.

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