Is there an upper limit to the number of Litecoins?

The number of Litecoins is capped at 84 million to control inflation and maintain scarcity. Unlike Bitcoin, Litecoin has a higher quantity cap designed to increase its liquidity and accessibility. The inflation rate decreases over time, halving every 4 years. Limited supply makes it a scarce asset, helping to maintain its value and appeal.

Litecoin quantity cap

Litecoin is a cryptocurrency with a limited quantity capped at 84 million.

Setting of the upper limit

Charlie Lee, the founder of Litecoin, set this upper limit to control the inflation of Litecoin and Maintain its scarcity.

Comparison with Bitcoin

Unlike Bitcoin, the number of Bitcoins is capped at 21 million. The cap on the number of Litecoins is set to increase the number of Litecoins in circulation, thereby increasing its liquidity and accessibility.

Inflation

Litecoin’s inflation rate decreases over time. Unlike Bitcoin, which has a halving every 4 years, Litecoin has a halving every 4 years. This means that the issuance of new Litecoins will gradually slow down.

Scarcity

Litecoin’s quantity cap makes it a scarce asset. This helps maintain its value and appeal to investors.

Impact

The Litecoin quantity cap has a positive impact on its price. Since supply is limited, Litecoin’s price is more likely to rise as demand increases.

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