LiteBringer Leads To Spike In LTC Transactions: Report

LiteBringer the popular Litecoin game has led to a spike in transactions carried out with the usage of this cryptocurrency over the past days as we are reading further in the latest Litecoin news.

Fueled by the “smart” gameplay which enables players to earn Litecoin tokens, LiteBringer has helped the cryptocurrency reach a spike in transactions. The game has pushed the LTC transaction volume to about $140,000 on September 22 which represents more than four times the increase compared with less than 32,000 on September 13. At the same time, LTC fees have dramatically declined. LTC trades at almost $43 and is up by more than 2% in a day which makes it among the best performers in the top 10 coins on Wednesday. LTC dropped by about 7% in one week and 28% in a month.

Transactions are exploding on the #Litecoin blockchain!! This is due to the @litebringergame but the best part about it is everyone playing game has to learn about #LTC and it’s use as a currency. You can not play unless you have some lites 🔥 pic.twitter.com/9mLf6JDKn1

— Jon Moore BTC/LTC 🔑 (@jonnylitecoin) September 22, 2020

The game was developed by a German software company CipSoft and it is a role-playing game in a fantasy-based world which is the first 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 company. Commenting on the game’s impact on LTC, the project director at Litecoin Foundation David Schwartz, said that the past 48 hours proven to be a full-blown experiment on the LTC blockchain:

 “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.”

The Litecoin Foundation official concluded that the blockchain benefited from the increase in transactions too:

 “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.”

The first Litecoin game LiteBringer launched by the German Software company CipSoft is the first true LTC game with “smart” gameplay that will earn the players LTC tokens. CipSoft said that the title will be the first true litecoin game and the co-founder Ulrich Schlott claimed that the blockchain has an amazing potential to revolutionize gaming. LiteBringer players will be charged with sending the “sorcerers and knights on increasingly difficult quests to gather loot.