Litecoin
Litecoin Reaches 15-Year Anniversary as Network Activity and MWEB Reserves Rise
Litecoin marked 15 years of uninterrupted network operation as confidential MWEB balances reached record levels despite a daily price drop.
Litecoin reached its 15th anniversary on October 7, 2026, having mined its genesis block on the same date in 2011 with a reference to the passing of Apple's Steve Jobs. On its anniversary, the network reached block height 3,191,147, having processed roughly 300 million transactions over its lifespan without a documented total outage.
Network metrics showed robust usage during the period, with 156,026 transactions confirmed over 24 hours. Additionally, the amount of coins held in Litecoin's confidential Mimblewimble Extension Blocks (MWEB) pool reached a record of more than 563,000 LTC.
Despite the operational milestones, LTC dropped around 6% within 24 hours, trading between $65.83 and $66.24 (58.81 euros). The decline was attributed to broader market risk conditions rather than internal network factors. The core protocol parameters established by creator Charlie Lee in 2011—including the Scrypt algorithm, 2.5-minute block intervals, and an 84-million-coin cap—remain in effect.
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