Is Litecoin the Next Chosen Coin for Dark Markets?

Dark Market Ecosystem

While Bitcoin remains the digital reserve currency on the Dark Web and is still widely accepted as the most common payment option, its lack of ability to provide anonymity means privacy-driven altcoins, such as Dash and Monero, have filled the power vacuum left by it.

However, to the surprise of many, a recent report has stated that Litecoin is set to become the most dominant choice for transactions on the Dark Web, rivaling Monero for the top spot in English-speaking communities.

In the days of Silk Road, Bitcoin was the currency used by all users on its platform. In recent years, many other dark markets have come and gone, including Alpha Bay and Hansa, which supported Bitcoin but also added Monero because of its privacy features via the use of the ring signature protocol.

According to a poll done on a forum, other cryptocurrencies began to gain on Monero, with Litecoin, Ethereum, Bitcoin Cash, and Dash hot on the heels of Monero’s Dark Web transaction dominance.

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