In the Litecoin network a transaction was made for $ 99 million with a commission of only $ 0.4 TSRPAY Follow May 3, 2018 · 1 min read

Between the anonymous members of the Litecoin network, a transaction was made for 700,000 LTC (currently $ 106 million).

Note that the confirmation of the transaction took only 2.5 minutes, and the network commission was $ 0.40.

In the traditional financial system, such an operation would take several days at best, and it would be necessary for many parties to sign a deal; while the commission would be more than impressive.

In addition, participants in the transaction would also face significant difficulties in implementing an international transfer of $ 99 million, which would take much longer than the internal transfer.

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