Where will LTC go after production reduction?

特邀专栏作者

2019-09-02 16:31 (UTC+8)

This article is about 1702 words, reading the full article takes about 3 minutes

With block 1680000 being dug out, Litecoin (LTC) successfully completed its halving, and ushered in the second halving after four years. In the future, the block mining reward for each LTC will be halved from the original 25LTC to 12.5 LTC.

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At 18:18 on August 5th, Beijing time, Litecoin (LTC) was dug out with block 1680000, and successfully completed the halving. The second halving was ushered in after four years. In the future, each LTC block mining The mining reward was halved from the original 25LTC to 12.5LTC.

Before the application scenario has become mainstream, "mining" must be one of the "fundamentals" of digital currency. It can be seen from the computing power of the entire network of LTC in the past three months that the computing power of the entire network rose steadily before the halving. It seems that the miners are all fighting for this last supper. A near-cliff-like decline occurred, and the overall downward trend in the following days. Affected by the halving, the mining cost of the current LCT mainstream mining machine L3 has been lower than its income, and the mine had to shut down some mines, which directly led to the downward trend of LTC's entire network computing power.

We will use JD Cloud Blockchain Data Service (BDS) to conduct further in-depth analysis of the data on the LTC chain after the production reduction.

Throughout August, the number of daily new addresses of LTC showed a trend of rising first and then falling. Affected by the production reduction, it can be seen from the trend line that since the production reduction, the number of new addresses per day has declined significantly. On August 25, the lowest point of the number of new addresses per day this month appeared. The market is obviously enthusiastic about LTC after the production reduction decline. At the end of the month, as the price of LTC plummeted again, a large number of new addresses appeared to seek more trading opportunities.

The number of LTC active addresses also saw a slight decrease in August. According to the news, the abnormally large number of active addresses on August 10 was due to a large-scale dusting attack (Dusting attack) on Litecoin users by hackers and scammers. As shown in the figure, in the first week of this month, the number of active addresses of LTC reached 78,488, while in the last week of this month, the number of active addresses of LTC was only 61,266, and the number of active addresses dropped by 22%. Some LTC holders are in a wait-and-see state after production reduction, and the possibility that the number of LTC active addresses will rebound in September cannot be ruled out.

As of press time, LTC has a total of about 45 million addresses since its birth. From the above figure, it can be seen that only about 0.15% of the addresses are active every day, which is basically the same as the address activity rate of BTC.

Transaction data:

After August 12, the transaction amount data on the LTC chain showed a particularly exaggerated maximum value. After the production reduction, the currency holding account tried to seize this wave of slight price increases, and a large number of Litecoin transfers occurred. It can be seen from the data that in the last week of this month, the transaction amount and the number of transactions have stopped falling. It is expected that the number of transactions and the transaction amount of LTC in September will fluctuate steadily and slightly, and more specific The performance will be affected by the big brother BTC in the digital currency market.

JD Cloud exclusive data:

The above data comes from JD Cloud Blockchain Data Service [BDS].

JD Cloud stores the chained and unstructured data of the blockchain in a structured way through technical means, and synchronizes them to a high-performance database in real time, and accordingly launches a visual blockchain data query service (BDS) to help Users complete simple conditional queries and complex native SQL queries.

. Covers dozens of well-known blockchain projects such as BTC, ETH, EOS, LTC, XRP, BCH, etc., and customizes 100+ exclusive data indicators involving users, transactions, blocks, etc., and can query real-time data on the chain when connected to the Internet. Ready to use, convenient and fast.

. Supports standard SQL query statements, and can easily realize complex query logic; relying on JD Cloud's software, hardware and architecture support, it also has the characteristics of fast query speed and high query efficiency.

. Support graphical and visual interfaces, and conduct data query through interactive methods of clicking and dragging, and can generate various BI charts in real time.

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