Litecoin Maintains 100% Uptime Amidst XRPL’s Unexpected Outage

This remarkable achievement underscores LTC’s robust infrastructure and its ability to consistently process transactions without interruption.

As XRPL experiences an unexpected outage, Litecoin (LTC) stands out among the leading blockchains for maintaining 100% uptime throughout its 13-year history with zero downtime. This remarkable achievement highlights LTC's robust infrastructure and its ability to consistently process transactions without interruption.

While other blockchains such as Solana, Ethereum and even simple model chains like Bitcoin have faced outages and disruptions, Litecoin's uninterrupted operation for over a decade serves as a testament to its robust design and the dedication of its developers and network maintainers.

Recently, the XRP Ledger, known for its stability, faced an rare outage, leading to halting transaction validation for over an hour. While no funds were lost, and transactions remained intact, this incident sparked discussions on the resilience and safety mechanisms of the network.

Based on initial observations, David Schwartz, Ripple's CTO, explained that the network's consensus mechanism was functioning, but validators stopped publishing updates. The temporary glitch prevented new ledgers from being validated, halting all transactions.

On the other hand, Ethereum, despite its popularity, faces increasing network congestion due to the growing number of users and dApps vying for limited block space, resulting in higher gas prices. This drives users to other cheaper alternative chains.

While Solana promises fast and cheap transactions, its recurrent network woes post a threat to its goal of challenging Ethereum in the proof-of-stake (PoS) scene.

Litecoin Miners Hoarding

In contrast, Litecoin's consistent uptime provides a compelling case study for how blockchain technology can be implemented to ensure continuous operation. This reliability is a crucial factor for both individual users and businesses considering adopting cryptocurrency solutions.

In related development, Litecoin is gaining momentum as miners accumulate the cryptocurrency, anticipating a potential LTC ETF and a looming supply squeeze. Data suggests miners are increasingly holding onto their rewards, reducing circulating supply.

The prospect of a LTC ETF approval is fueling optimism, potentially opening LTC to broader investment. These factors, combined with Litecoin's halving events which periodically reduce the rate of new coin creation, are expected to significantly restrict the available Litecoin supply.