The post Litecoin Undergoes Block Reward Halving and Boosts Adoption as a Payment Method! appeared first on Coinpedia Fintech News

Litecoin (LTC) has recently undergone a block reward halving, reducing block rewards to 6.25 LTC per block. This event is expected to cut the supply of cryptocurrency, which is expected to impact price movements. Additionally, the adoption of LTC as a form of payment has increased, with it surpassing Bitcoin on BitPay and accounting for 35% of total crypto-related transactions. As of now, LTC is the 12th largest cryptocurrency, with a market cap of $6.8 billion.