Litecoin - favorite darkflower Dark Web

Litecoin unexpectedly became more common among Internet users who use crypto currency for illegal activities. Now this is the second most popular token on Dark Web - right after Bitcoin.

According to the Recorded Future report, Litecoin unexpectedly surpassed other crypto-currencies in preference on the black market. The company reports:

"Contrary to what we learned, thanks to observations of criminals in the last few weeks, Bitcoin remains the gold standard in the dark web. while all the sellers accept it as payment, and Litecoin became the second most popular. About 30% of all vendors who have implemented alternative methods of payment are willing to work with him. "

Why Litecoin is gaining popularity among users of Darknet
Recorded Future - founded in 2009, an Internet technology company in the US and Sweden, specializes in real-time threat analysis. First, the company conducted "extensive analysis on the 150 most well-known illicit services markets" in mid-2016.

Then, the company "noticed that members of the cyber-criminal underground are discussing their growing discontent with Bitcoin as a means of payment. This happens regardless of their geographical distribution, conversational speech or niche business. "

Bitcoin's dissatisfaction is caused by increased interest on the part of institutional investors, speculators and medium-sized investors. They previously clogged the network of dominant crypto currency and, in turn, provoked large fees. As Recorded Future notes:

"The underground economy depends on small transactions in day-to-day operations, with the average product or service cost starting at $ 50 to $ 300. With the addition of violent transaction fees, the price of such products and services is suddenly growing rapidly. "

Thus, Litecoin has become an attractive option, given that its core technology is almost identical to Bitcoin technology. However, it allows you to significantly accelerate transactions with lower commission fees.

Like its older brother, Litecoin does not offer any enhanced security or privacy, as transactions are also completely transparent in the public register.

Despite the continuing diversification of the crypto-currencies used for illegal payments, the researchers expect that Bitcoin "will remain one of the main payment instruments, albeit with a much smaller market share".

Let's remind, that recently the general director of service Litepay declared closing of the company.