On May 26, Litecoin's official website received information on the increase in transactions within the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details network of up to 27,000 transfers in one day. In comparison with the previous figures of 20,000 transactions, this indicates an increase in the popularity of cryptocurrency.
Litecoin: increase in the number of transactions
On the official website of Litecoin reported an increase in transactions within the blockchain. The number of transfers of cryptocurrency increased by 7,000 transactions per day. Compared to past performance in 20,000 translations and today in 27,000 translations. The report states that since the beginning of 2019, many indicators of the Litecoin chain have begun to level off, indicating a potential minimal support and internal interest of users to the network.
By May 2019, the increase in user remittances increased to 1.6 billion US dollars. The maximum transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details level was recorded on May 16th. At the same time, such large transactions as LTC transfer for amounts over 7.5 thousand dollars at a time were noticed. According to the publication, such large transactions indicate that the network is still mainly used by wealthy individuals to avoid traditional fees for money transfer or as a speculative asset in which to invest.
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The report also says that the number of users with active addresses has grown to 80,000 people.
"Active addresses have also increased and reached a peak of more than 80 thousand. However, this does not necessarily indicate a greater number of network participants, since anyone can issue a large number of addresses, as is customary on exchanges that manage deposits and withdrawals. However, it is more significant that the number of daily transactions increased from 20 to 27 thousand." – Litecoin.
Available about the complicated: Litecoin cryptocurrency is still popular. Litecoin payments have increased, and with them the amount of money transferred. The crypto-spring also touched "digital silver". The growth of popularity can be a signal for the rapid increase in the price of a coin.
27,000 transactions on the Litecoin network: an increase in popularity. Recall that we have already written that the WhatsApp messenger now supports payments in Litecoin.
Editor: Pereyidenko Ihor