According to a recent Issledovanie, Litecoin was the second most common means of payment on the Darknet marketplaces.

Altcoins are becoming increasingly popular on the darknet

The study, conducted by Recorded Future, includes the analysis of 150 leading forums, shopping sites and other similar sites, darknet, and aimed to find out how became popular altcoins on the darknet, after the bitcoin network has increased transaction fees.

The mad growth of popularity of bitcoin among users, speculators and institutional investors from mid-2017 has led to a significant increase in the load on the Bitcoin network, which in turn led to a rise in the fee for the transaction.

According to the study, Litecoin is the second most popular cryptocurrency in darknet. About 30% of all Sites Accept this cryptocurrency.

Despite the fact that Recorded Future claims that the cyber-criminal circles since the mid of 2016 is growing discontent with bitcoin as a payment means 100% of the investigated sites accept bitcoin.

The growing popularity of Monero (XMR)

The study also indicates a significant growth of popularity of XMR in the English-speaking platforms. The Eastern European Sites popularity Monero is much lower.

On the English platforms Monero was the second most popular means of payment, while XMR is running at about 15% English-speaking platforms. LTC is at the 3rd place among English-language sites with 11%, followed by DASH and ETH: 9% each of cryptocurrencies.

The Eastern European sites Litecoin was the second cryptocurrency, and 35% of the sites accept payments in LTC. DASH is on the 3rd place with 24%, followed by BCH with 15%, ETH – 9%, ZEC 4% or XMR – 3%.

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