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What is the total number of Litecoins that can exist?

avatarKay BondeDec 24, 2021 · 3 years ago3 answers

Litecoin is a popular cryptocurrency that was created as a fork of Bitcoin. It has gained significant attention in recent years, but many people are still unsure about its total supply. Can you please explain what is the total number of Litecoins that can exist?

What is the total number of Litecoins that can exist?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Sure! The total number of Litecoins that can ever exist is 84 million. This limit was set by the Litecoin creator, Charlie Lee, to ensure scarcity and prevent inflation. As of now, around 66 million Litecoins have been mined, leaving approximately 18 million still to be mined. Once all 84 million Litecoins are in circulation, no new coins will be created.
  • avatarDec 24, 2021 · 3 years ago
    Hey there! If you're wondering about the total number of Litecoins, let me break it down for you. Litecoin has a maximum supply of 84 million coins. This number was chosen to be four times higher than Bitcoin's total supply of 21 million coins. Currently, there are around 66 million Litecoins in circulation, and the remaining coins will be gradually mined over time. So, there's still some Litecoin to be discovered!
  • avatarDec 24, 2021 · 3 years ago
    The total number of Litecoins that can exist is 84 million. This limit was set to ensure that Litecoin remains a deflationary currency, meaning its value is expected to increase over time due to scarcity. Unlike traditional fiat currencies, which can be printed endlessly, Litecoin has a fixed supply. Once all 84 million Litecoins are mined, no more can be created. So, it's a good idea to get your hands on some Litecoins before they're all gone!