Litecoin (LTC) altcoin Founder Chalie Lee announced on Twitter that the hash rate of the LTC network has reached an all-time high.
Litecoin Network Hash Rate Hits All-Time High
Lee explained that Litecoin’s hash rate broke a record with 500 TH/s. At the time of this writing, the net rate of the network is at 513 TH/s.
Charlie Lee said in his statement that the rise was partially dogecoin He said it was because of the miners. With this process, which is called combined mining, the transfer transactions of both altcoins are verified at the same time, and miners earn coin rewards from both chains.
Litecoin mining hashrate has hit an all-time high of over 500 TH/s. That’s a proof of work of 500,000,000,000,000 hashes performed every second by the Litecoin network!
This is thanks in part to our friends at @dogecoinwho are mining together with us to secure both networks.🙏 pic.twitter.com/1IUe6Sn95h
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) May 3, 2022
After a Dogecoin fan asked Lee to replace his Twitter background image with a DOGE-related image, the LTC founder announced that he would make the change as soon as the image was ready.
Additionally, after a Twitter user asked how DOGE had a higher market cap than Litecoin, Lee replied:
“The meme token is powerful! This is actually a good thing for Litecoin as most of the money goes into securing the LTC network.”
At the time of this writing, LTC price is trading at $102.76, according to Coin Market Cap data, and LTC is the largest in the world. crypto coins It ranks 22nd among After it was understood that the hash rate set a new record, the LTC price rose from the $ 99 level.
As it is known, LTC also from bitcoin It was a crypto currency created by separation.
*Not investment advice.