{"id":6897,"date":"2018-04-22T14:24:01","date_gmt":"2018-04-22T14:24:01","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=6897"},"modified":"2018-04-23T01:56:47","modified_gmt":"2018-04-23T01:56:47","slug":"99-mln-litecoin-transaction-completed-in-2-50-mins-for-dirt-cheap-fee","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/99-mln-litecoin-transaction-completed-in-2-50-mins-for-dirt-cheap-fee\/","title":{"rendered":"Litecoin Transaction Completed In 2.50 mins For Dirt-Cheap Fee"},"content":{"rendered":"

\"\"Crypto community was busy during the weekend, discussing about a single Litecoin trade involving 700,000 coins<\/a> done for a dirt-cheap fee of $0.40. Yes! $99 million worth Litecoins were transferred in a matter of 2.50 minutes. It is needless to say that identity of the parties involved in the transaction is unknown.<\/p>\n

Reddit user b30,<\/a> who started the thread, wrote “Worth surfacing up here that the $99 million transactions cost just $0.40 and took 2.5 mins. Holy moly.”<\/p>\n

Many of the Reddit users, who participated in the discussion pointed out the number of days it would take for such a transaction to get completed through traditional financial institutions. In addition, such a big transaction would involve time consuming regulatory checkups, and carry hefty fees.<\/p>\n

\"Litecoin:
Litecoin: 2.50 Min Transaction (Insight)<\/figcaption><\/figure>\n
\"Litecoin:
Litecoin: 2.50 Min Transaction (Bitinfochart)<\/figcaption><\/figure>\n

The transaction once again proves the efficiency of blockchain technology. Litecoin is currently the sixth largest cryptocurrency, with a market capitalization of $9.46 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto community was busy during the weekend, discussing about a single Litecoin trade involving 700,000 coins done for a dirt-cheap fee of $0.40. Yes! $99 million worth Litecoins were transferred in a matter of 2.50 minutes. It is needless to say that identity of the parties involved in the transaction is unknown. Reddit user b30, […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-6897","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"\nLitecoin Transaction Completed In 2.50 mins For Dirt-Cheap Fee<\/title>\n<meta name=\"description\" content=\"Crypto community was busy during the weekend, discussing about a single Litecoin trade involving 700,000 coins, completed for a dirt-cheap fee of $0.40. 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