Sending $100M on the Litecoin Blockchain Took 2.5 Minutes
Litecoin’s speed and cost-effectiveness were displayed only a few hours ago and has given weight once again to the idea that “Cryptocurrencies will replace traditional money transactions in the future”. This statement is often repeated by enthusiasts every day but is ridiculed by supporters of conventional monetary systems.
Social media went wild due to a multi-million dollar transaction that took place on the blockchain. A transaction of this magnitude demonstrates the future possibilities surrounding virtual currencies and “real purchases”; if cryptocurrencies prove to be robust enough to handle substantial transactions and at the same time are …
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