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The project then established a reward of fifty litecoin per block at its inception, with the block reward halving occurring every 840,000 blocks thereafter. In 2020, PayPal added the ability for users to purchase a derivative of Litecoin along with bitcoin, Ethereum, and Bitcoin Money which couldn’t be withdrawn or spent as part of its Crypto characteristic. After launch, the early progress of Litecoin was aided by its rising trade availability and liquidity on early exchanges similar to BTC-e.
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