The circulating supply of Litecoin (LTC) has recently surpassed 73 million coins. This milestone indicates the number of coins available in the market, held by the public. It is worth noting that Litecoin has a maximum supply limit of 84 million coins, with 11 million yet to be mined.
The achievement of surpassing 73 million coins in circulation highlights Litecoin’s growing acceptance and adoption among investors and users. As more individuals and businesses recognize the benefits of cryptocurrencies, Litecoin has emerged as a preferred choice due to its stability, reliability, and established reputation.
Litecoin’s circulating supply reaching this milestone also sheds light on the mining process. Mining plays a crucial role in the creation of new coins and the maintenance of the blockchain network’s integrity. With 73 million coins already circulating, there are 11 million coins yet to be mined. Mining involves solving complex mathematical puzzles to validate transactions and secure the network, and miners are rewarded with newly minted coins for their computational efforts.