Litecoin (LTC) and TRON (TRX): Big News, Big Progress

All things Litecoin.
Post Reply
User avatar
Posts: 303
Joined: Thu Feb 22, 2018 7:58 pm

Litecoin (LTC) and TRON (TRX): Big News, Big Progress

Post by dizzleBEE16 » Tue Apr 24, 2018 8:29 am

"News of the LTC transaction broke in a Reddit forum, where it was revealed that a $99 million transaction, consisting of 700,000 LTC at $140, has just occurred. The most impressive part? The transaction only cost $0.40 and took a total of 2.5 minutes to confirm.

This is huge news for a lot of reasons. First of all, it was an incredibly fast and cheap transaction – one that would have taken the traditional route, through banks, etc., days to clear for a large fee and even more paperwork.

For such a large transaction, the speed and price of the fee is impressive. In comparison, Bitcoin fees are around $1.00 right now (average, in US dollars), according to data from BitInfoCharts. BitInfoCharts also has the average block time for Bitcoin at 9 minutes, compared to Litecoin’s average of 2.2 minutes. This transaction, above anything else, really showcases Litecoin’s goal of being a quicker and cheaper alternative to Bitcoin." ... -tron-trx/

Post Reply

Return to “Litecoin (LTC)”