Litecoin [LTC]’s has been on a roll over the past week with several developments and updates coming out of the Charlie Lee-led cryptocurrency’s stables. The bear market has also had an effect on Litecoin, keeping it unchanged as the seventh-largest cryptocurrency on the charts.
LTC was also in the news recently when the creator of Coindroid, a popular cryptocurrency-based game, stated that using LTC was a perfect fit or its workings. He had stated:
“Litecoin just seemed like the natural fit. It’s got a really nice fast block time, great fees, it just made a lot of sense for our game in our in coin droids. And you’re transactions in the game are about 13 – 14 cents, So doing that inside Bitcoin didn’t really make sense for fees perspective, but also 10-minute blocks ends up being almost a little bit too slow for the game”
The spotlight was again on the seventh-largest cryptocurrency when it was revealed that 1.15 million LTC transactions, which amounted to $61 million, were conducted on the Litecoin network. What made the humongous deposit stand out was the fact that the transaction resulted in the address becoming the richest address on the network. The deposit, which was announced on Twitter, forced a Twitter user, Novobot, to say:
“This is something else! And that too at 50 cents. I hope Charlie Lee was prepared for this.”
Charlie Lee, the founder of Litecoin, had also a mark in the crypto verse recently when he joined forces with Jihan Wu to attack nChain’s Craig Wright. He had tweeted:
“Bitcoin Satoshi Vision is the real Bitcoin Cash. Karma’s a BCH”
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