$LTC path on the market truly remarkable as the cryptocurrency still shows enormous growth
The adoption of the LTC-20 standard has played a crucial role in this success story. This standard has enabled the creation and issuance of tokenized assets on the Litecoin network, similar to the ERC-20 standard on Ethereum. The advent of LTC-20 tokens has opened up new avenues for decentralized finance applications, non-fungible tokens and other digital assets, leading to a significant increase in network usage.
Coinciding with these developments is the upcoming halving event. Halving, a deflationary mechanism built into Litecoin's protocol, is an event that halves the rewards for mining new blocks. The remarkable thing about Litecoin's growth is the distribution of its holders. Small-to-average retail investors hold 50% of the supply, signaling a healthy dispersion of wealth, fostering a more balanced and equitable ecosystem. Additionally, old addresses hold four million LTC, showcasing the loyalty and long-term belief in Litecoin's value proposition.
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