Is there an upper limit to the total amount of Litecoin?
Yes, the total amount of Litecoin is capped at 84,000,000. This cap is designed to maintain its scarcity and value and make it more valuable than Bitcoin. Compared to Bitcoin’s 21 million cap, Litecoin’s cap is larger, resulting in a lower unit price but easier mining and trading.
#Is there an upper limit to the total amount of Litecoin?
Yes, there is a limit to the total amount of Litecoin.
Detailed description:
The total issuance limit of Litecoin is 84,000,000. This means that the supply of Litecoin is limited and will not increase indefinitely. This is in contrast to other cryptocurrencies such as Bitcoin, which have no cap on their issuance.
Litecoin founder Charlie Lee set this cap in order to preserve Litecoin’s scarcity and value. He also believes that a fixed supply will eventually make Litecoin more valuable than Bitcoin.
Compared to Bitcoin’s 21 million cap, the 84 million cap is larger, which means Litecoin’s supply is also larger. This results in Litecoin having a lower unit price than Bitcoin, but it also makes Litecoin more accessible to mine and trade.
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