Yesterday, a rare incident took place in the Litecoin block chain.
According to the article published in Litecoin.com's Medium account, one paid more than $ 17,000 to send $ 8,88 worth of $ 800, ie 200 LTC.
The error caused the average transaction fees on the network to rise from $ 0.05 to $ 0.70 in December 2017, when the last Litecoin approached $ 400.
The address was created on April 5, 2018. According to the data of Blockchair, up to now the address has received 2,870,000 LTCs in the total of 2574 transactions with a total value of over $ 200 million (shown in some sources as 152,000). At the moment, there are 323 LTCs worth about 29 thousand dollars
Adding or removing thousands of coins often means that this is not an individual, but probably the business.
On the other hand, the transaction fee of 200 LTC, China-based mining
The most important lesson to be taken out of this situation, if the transaction fees are adjusted manually, the accuracy of the figures should be checked twice.
was also seen many times in other block chains. In 2017, for example, a transaction fee of 80 BTC was found in the Bitcoin network. More recently, in the Ethereum block chain last February, someone paid $ 450,000 for a 0.15 ETH process. In March, another paid $ 2 BTC in Bitcoin for a $ 0.80 transfer.
These transactions are generally believed to have been a mistake. However, there are also claims that they may be money laundering operations