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Litecoin, Dash to Dethrone Bitcoin on Dark Web: Report

Litecoin and Dash are expected to replace Bitcoin as the most used payment method on underground portals and cybercriminal marketplaces, Recorded Future suggests in a new report.

For the past couple of years, cybercriminals from all geographies and of all languages have been dissatisfied with the performance and cost of Bitcoin transactions, and forum discussions suggest alternate payment methods would soon surge.

At the moment, Bitcoin remains the most popular crypto-currency on the Dark Web, followed by Litecoin, an analysis (PDF) of 150 of the most prominent message boards, marketplaces, and illicit services on the Dark Web has revealed. Dash is also a top preference among members of the Dark Web, the same as Monero, Recorded Future's researchers discovered.

The diminished popularity of Bitcoin appears to be derived from the larger payment fees that have been registered since mid-2017. The crypto-coin itself has increased in value, but this also fueled a spike in fees...(continued)

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