Extended info: Litecoin saw 576,708 transactions on Tuesday, the largest daily volume the blockchain has processed, compared to 100,684 transactions on May 1, the Glassnode data showed. That came close to Bitcoin’s 598,105 daily transactions on Tuesday.
The daily number of new addresses created on Litecoin reached 677,769 on Tuesday, or more than Bitcoin’s 350,100, the data showed. Litecoin has outpaced Bitcoin in creation of daily new addresses since Friday.
The surge in Litecoin adoption comes as the Bitcoin blockchain has been clogged by a burst of activity in BRC-20 tokens, including those used for the popular Ordinals protocol, which has led to higher Bitcoin transaction fees.
That caused Binance, the world’s largest cryptocurrency exchange by trading volume, to temporarily halt Bitcoin withdrawals on Monday.
The Bitcoin blockage and jump in transaction fees appear to have prompted users to consider alternatives, including the Lightning Network, a layer 2 solution designed to enable faster transactions.
Source: finance.yahoo.com
Publication: 9th of May 2023
News Source Crawler, digests updates and bulletins from sources to keep updated the minds of the busy and hungry. #get started in crypto #crypto com withdrawal fee #bitcoin dogs prognose #wieviel kostet ein bitcoin
Litecoin transactions jump amid Bitcoin blockchain congestion, higher fees - News 31564 [9VEUAtR6Em2]
Extended info: Litecoin saw 576,708 transactions on Tuesday, the largest daily volume the blockchain has processed, compared to 100,684 transactions on May 1, the Glassnode data showed. That came close to Bitcoin’s 598,105 daily transactions on Tuesday.
The daily number of new addresses created on Litecoin reached 677,769 on Tuesday, or more than Bitcoin’s 350,100, the data showed. Litecoin has outpaced Bitcoin in creation of daily new addresses since Friday.
The surge in Litecoin adoption comes as the Bitcoin blockchain has been clogged by a burst of activity in BRC-20 tokens, including those used for the popular Ordinals protocol, which has led to higher Bitcoin transaction fees.
That caused Binance, the world’s largest cryptocurrency exchange by trading volume, to temporarily halt Bitcoin withdrawals on Monday.
The Bitcoin blockage and jump in transaction fees appear to have prompted users to consider alternatives, including the Lightning Network, a layer 2 solution designed to enable faster transactions.
Source: finance.yahoo.com
Publication: 9th of May 2023
News Source Crawler, digests updates and bulletins from sources to keep updated the minds of the busy and hungry. #get started in crypto #crypto com withdrawal fee #bitcoin dogs prognose #wieviel kostet ein bitcoin