Litecoin Became 2nd Most Popular Dark Web Coin

According to Recorded Future research, nearly 30% of dark web transactions are paid using LTC
09 February 2018   1300

itecoin accounts for about 30% of transactions related to illegal activities, the specialists of Recorded Future found out. The reasons for popularity was the availability of Litecoin for purchase and sale in most exchangers and the ability to store it on hardware purses.

Recorded Future conducted an extensive analysis on 150 of the most prominent message boards, marketplaces, and illicit services, which unexpectedly revealed that Litecoin is surpassing other cryptocurrencies in preference, and is currently the second most dominant coin on the dark web after Bitcoin.

Recorded Future Team

The most popular is lightcoin in the Russian segment of darknet, while in the English-speaking segment the Monero coin was more popular.

Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it. Dash is closely trailing Litecoin with 20 percent of the market. Unexpectedly, Bitcoin Cash was the third most common cryptocurrency with 13 percent of vendors trusting it as a payment method.

Recorded Future Team

Researchers concluded that Litecoin and Dash will take their place next to Bitcoin as the everyday payment currencies of the dark web

Litecoin to Join Forces with Beam

MimbleWimble technology can be theoretically integrated into Litecoin
08 February 2019   236

Representatives of the Litecoin Foundation together with the developers of Beam  cryptocurrency are exploring the possibility of integrating MimbleWimble technology into Litecoin.

We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa. Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality.

Beam Team

It is noted that further results of cooperation of the company will be reported in their official blogs.

Worth reminding, in January Charlie Lee reported on implementation of confidental transactions in Litecoin.