Despite recent fake news that Walmart is partnering with popular altcoin Litecoin (LTC), bitinfocharts. According to the information on com, the altcoin still managed to make more than 950 millionaires. Here are the number of addresses and millionaires with more than 1 million and 10 million coins in their wallets, according to on-chain data.

950 millionaires appeared in popular altcoin Litecoin

Notably, more than 816 Litecoin addresses have more than $1 million in LTC in their wallets, and 136 addresses hold more than $10 million in cryptocurrencies. Interestingly, the top three richest Litecoin addresses control more than 10% of the coins, and the top two addresses alone have a combined total of more than $1 billion.

“rich” addresses in Litecoin: Source: bitinfocharts. com

Cryptocoin. com

As we reported , on Monday, September 13, 2021, a false news published by GlobeNewswire about a collaboration with Walmart first caused the cryptocurrency to rise from $ 175 to $ 231. LTC dropped 20 percent after Walmart announced that the information was fake.

After the story went viral, Globe Newswire issued a disclaimer instructing readers to ignore the newsletter. It is now thought that the so-called “Walmart-Litecoin Troll” could face serious charges if caught. If federal securities brokers are convicted of fraud charges, the maximum penalty could be five years in federal prison and a fine of up to $5 million per violation, experts say.

“Digital silver” Litecoin surpasses BTC in terms of transaction speed

While financial experts have touted Bitcoin (BTC) as the gold standard of the cryptocurrency world for years, Litecoin has been called the silver standard. Litecoin’s transaction speed is notorious for being very fast compared to Bitcoin’s seven transactions per second; The network can handle up to 56 transactions per second. Also, transaction costs, which are a few dollars in the case of Bitcoin, are usually a few cents in LTC.

In addition, the time it takes to verify the existence of a new set of tokens is also faster. It requires 2 and a half minutes for Litecoin and 10 minutes for Bitcoin. Finally, each Litecoin transaction uses only 3 percent of the energy required to complete a single Bitcoin transaction.

Like it? Share with your friends!

Michael Lewis


Your email address will not be published. Required fields are marked *