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LiteBringer Brings More Light On Litecoin as Transactions Heat Up

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Fueled by what its developer calls a “smart” gameplay that enables players to earn litecoin (LTC) tokens, Litecoin game LiteBringer has led to a spike in transactions carried out with the use of the major cryptocurrency over the past days.

Source: Adobe/puhimec

The game has seemingly pushed the LTC transaction volume to roughly 140,000 on September 22 which represented a more than fourfold increase compared with less than 32,000 on September 13. However, at the same time, LTC fees have dropped sharply.

Source: IntoTheBlock, coinpaprika.com


Source: bitinfocharts.com

At pixel time (12:02 PM UTC), LTC trades at almost USD 45 and is up by more than 2% in a day and is one of the best performers among the top 10 coins on Wednesday. LTC dropped by almost 7% in a week and 28% in a month.

As reported by Cryptonews.com, developed by German software company CipSoft, the role-playing, the fantasy-themed game is the first such software to run on the Litecoin blockchain, using it for all of the interactions. Every move in the game represents a transaction, according to the firm.

Commenting on the game’s impact on LTC, David Schwartz, Project Director at the Litecoin Foundation, said that the “last 48 hrs have proven to be a full-blown experiment on the Litecoin blockchain with the announcement of the RPG game LiteBringer”.

“Litecoin’s daily numbers are fairly consistent, from hashrate, [transaction] fees, volume, etc. But after the announcement yesterday that LiteBringer was live & built on the LTC blockchain, those numbers changed drastically in some areas,” Schwartz said, adding that by having a vast number of micro transactions under USD 1, with “a current median LTC [transaction] value of only USD 17.35 since LiteBringer was announced, it has been cut in [half]”.

The Litecoin Foundation official concluded that the blockchain has benefited from the increase in transactions.

“Ultimately, LiteBringer has provided evidence of a desire for gaming on the blockchain where every move is recorded through [transactions] made in LTC,” Schwartz said. “This in itself shows value beyond the [dollars] & proves the flexibility, cheap fees & speed of Litecoin. This makes us all winners.”

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