LTC platform completes $ 62 million transaction with $ 0.50 fee

An anonymous user of Litecoin would have made a transaction estimated at $ 62 million with a fee of 0.50 dollar, can read in the block explorer ( here ). The explanation provided by the platform is a pool of funds in a single address "M" Segwit.

$ 62 million in LTC transferred for only $ 0.50

Litecoin is one of the most active cryptocurrencies, but in recent months it has suffered significant depreciation.

To this end, the platform has made sure to keep its community intact through new proposals such as lowering the cost of transactions by applying a system of discounts on large transaction fees.

That said, an anonymous user was able to enjoy a cost of $ 0.50 for a transaction of 1,159,005,90779568 LTC estimated at nearly $ 62 million.

"This transaction is a perfect example of the benefits of Litecoin and cryptocurrency in the global transfer and settlement of currencies in the age of the internet," reads Litecoin.com.

https://twitter.com/LitecoinDotCom/status/1060859842276003840

Consolidation of old address funds

As the report explained, the transaction was carried out through a particular technique of grouping addresses. Although Litecoin's goodwill tends to appeal to users through such low fees, it would be inconceivable to ignore the technology behind it.

Also, it is believed that the transfer was made via multiple entries, and as Litecoin explains, it is a collection of old addresses in a single address "M" Segwit .

What do you think about this extremely low transaction cost? Comment in the comments section.