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Bitcoin was never intended for raw micropayments. The blockchain is just too expensive to maintain for such transactions. Litecoin doesn't provide any advanta
by oillio 13y ago
Bitcoin was never intended for raw micropayments. The blockchain is just too expensive to maintain for such transactions. Litecoin doesn't provide any advantages over Bitcoin in this respect.
Some types of micro-transactions can be supported.
Mainly, transactions where you have an ongoing relationship with the other party. For instance, paying for Wi-Fi access, one kilobit at a time: https://en.bitcoin.it/wiki/Contracts#Example_7:_Rapidly-adjusted_.28micro.29payments_to_a_pre-determined_party https://en.bitcoin.it/wiki/Contracts#Example_7:_Rapidly-adju...
Micro-transactions can also be supported through other centralized systems built on top of the main bitcoin system. For example Open Transactions: https://github.com/FellowTraveler/Open-Transactions https://github.com/FellowTraveler/Open-Transactions