Home / Litecoin / $ 62 million of transactions processed by Litecoin Network for only 50 cents

$ 62 million of transactions processed by Litecoin Network for only 50 cents

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The seventh largest cryptocurrency in the world is at $ 52.26 while it is barely in the green. A transaction of € 1,159.005.90779568 worth ~ $ 62 million costs only 5 cents on the Litecoin Network. Now available for purchase on Litecoin.com and Hodl Hodl, it adds liquidity.

Transactions of greater amount for a small commission

According to the last aspect, Litecoin's network has developed one of the biggest transactions ever. A € 1,159.005.90779568 transaction of $ 62 million has been processed, which costs only £ 0.00922 ($ 0.5).

Although it is not the first time that a transaction of this value has been processed, it is certainly worth noting and shared by Litecoin.com, "a perfect example of the real world of the benefits of Litecoin and decentralized cryptocurrency in the global settlement and in the movement of money in the Internet era. "

As explained in the official explanation, the transaction was a consolidation of funds from some Legacy addresses to a new Segwit "M" address.

Apparently, four LTC 5,000 LTC transactions each constituted multiple entries of 20,000 LTC. Although it is not known who the owner is, the transaction was made from the previous richest address on the network. However, it is likely that this is a cold exchange portfolio that will get more security with this move.

Meanwhile, Litecoin gains more liquidity

On another front, Litecoin.com now offers the possibility to purchase Litecoin (LTC) on its platform. Their official announcement actions,

"We have introduced a simple, easy and cost-effective way for users to purchase immediately from $ 50 to $ 20,000 of litecoin in USD, GBP or EUR with a credit card in less than 5 minutes. We worked with Simplex to provide this feature and they will manage all KYC / AML purchasing regulations and processes.After the necessary checks, approval payments are typically paid within 24 hours to an address chosen by users. "

In addition, Hodl Hodl, a P2P encryption exchange that "does not hold funds", now allows all users to "buy and sell Bitcoin and Litecoin, for other cryptocurrencies".

The seventh cryptocurrency in the world is currently trading at $ 52.26 with 24-hour earnings of 0.26%. With a market capitalization of over $ 3 billion, it manages the daily trading volume of $ 344 million.

Summary

$ 62 million of transactions processed by Litecoin Network for only 50 cents

Item name

$ 62 million of transactions processed by Litecoin Network for only 50 cents

Description

The seventh largest cryptocurrency in the world is at $ 52.26 while it is barely in the green. A transaction of € 1,159.005.90779568 worth ~ $ 62 million costs only 5 cents on the Litecoin Network. Now available for purchase on Litecoin.com and Hodl Hodl, it adds liquidity.

Author

Achal Arya

Publisher name

Coingape

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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.

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