Crypto craze is rising again once again as recently; $99 million worth of transaction was done through Litecoin at an unbelievable cost of only $0.44. The story doesn’t stop there, as this transaction took just 150 seconds to complete.
The whole crypto community has been talking about this incredible transaction whole weekend.
So, it’s a sign for all those people who consider Litecoin weak, well, the latest mighty transactions show that it’s not weak anymore but a little “Lite” instead.
On Thursday, $99 million-worth of Litecoin was sent between two Cryptocurrency wallets in a single trade. That was hefty, quick and cheap to attract the attention of crypto community.
On the other hand, the identity of the parties involved in the transaction is not recognized.
The whole scene began to catch the attention when on Friday, Reddit user b30, who wrote the thread, “Worth surfacing up here that the $99 million transactions cost just $0.40 and took 2.5 mins. Holy moly”
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Then the thread about transaction was the third most popular post on the litecoin sub-Reddit on Friday afternoon.
All users were shocked and impressed at the same time by data showing the transaction took just 150 seconds to settle and charge only $0.40 in mining fees. That’s truly surprising!
According to the details, Litecoin trade involved its 700,000 coins was posted on Twitter and now the investors of this coin are getting good vibes, as the value of this currency will witness a major rise after the recent hype created in the crypto community.
Well, there is no doubt that $99 million transaction marks the triumph of a big milestone for cryptocurrency fans. As, till now no bank or even online payment platforms has managed to achieve that target. If you will send such a big amount via traditional methods it would have taken days, plus some hefty transaction costs.
After this transition, Litecoin has proven to have the capability to hold high-value transactions, which is a good sign for its continuing value addition. So, seeing the major decline of cryptos’ big names such as Bitcoin and Ethereum which were inefficient in handling such large-scale transactions in December 2017 now, it’s golden chance for Litecoin to rule the crypto world in future.
Moreover, people have also turned to Litecoin as bitcoin was quite slow and expensive in the recent past which shifted the whole scenario for crypto fans.