https://www.reddit.com/r/litecoin/comments/8df9hj/thats_a_lot_of_money/Litecoin users decided to show their advantage over bitcoin. Litecoin users conducted a transaction on 700 000 LTC (at the moment $106 million).
But the essence of course is not in the transaction, but in the Commission, which cost only $0.40, and the transaction was made in 2.5 minutes. If such a transaction had been made in a standard Fiat system, such an operation would have taken much longer, let alone a Commission.Will Litecoin be able to replace Bitcoin as a payment system?
I would rather use nano over litecoin LOL,that speed doesnt needed,bitcoin wont be dethrone by any altcoins as long as people are using bitcoin as the main cryptocurrency,pairing trade with bitcoin makes it the alpha of all the cryptocurrencies in the market.Faster than bitcoin will be a good advantage well if all the investors will move their money to litecoin.