Ep. 253 - Step into the Litecoin: Why PoW Mining Rewards Halve, with Franklyn Richards
Today is the Litecoin Halving, where block rewards are decreased from 25 to 12.5 LTC every block (~roughly every 2.5 minutes). This is a crucial event that algorithmically happens every 4 years and is a key part of the monetary policy behind cryptocurrencies. Today we are joined by Franklyn Richards of the Litecoin Foundation. CRYPTO 101 dives into the Litecoin Halving, miner incentives and game theory around events like the halving, fundamental cryptoeconomics, the future of Proof of Work, the future of Litecoin and so much more. My one word of advice today: get out a pen and paper, take…
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