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Litecoin, like Bitcoin, makes use of a “proof-of-work” safety mechanism – counting on “miners” who expend computational sources to course of transactions and safe the community. Throughout that course of, miners win rewards – a mixture of variable transaction charges and a predetermined “subsidy” that will get halved roughly each 4 years. (With Litecoin, they occur each 840,000 transaction blocks, and the typical time to generate every block is about 2.5 minutes.)
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