New Litecoin Core Upgrade Lowers Minimum Transaction Fees On the Network

Towing a solid line as the fifth-largest coin in the world in terms of market cap, Litecoin has announced the release of Litecoin Core v0.15.1. The announcement comes just a few days after the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Core development team released Bitcoin Core v0.16.0.

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While the new Litecoin Core (an optional update) is very similar to the previous version, there are several updates designed to improve block discovery and node resources.

Perhaps most significant is the lowering of minimum transaction fees on the Litecoin network to 0.01 lites per kB (0.00001 LTC). The minimum is slated to drop even further in the next release.

Update Includes Lower Minimum Fees, Manual Setting Block Size

Among other changes in v0.15.1, miners are able to set their desired block size according to their preference. Competing wallets are also disabled under the new LTC Core--in the past, opening the same wallet twice by making a copy of the wallet file “[caused] issues when both were opened simultaneously.”

V0.15.1 is available for download at Litecoin.org. While the announcement telling of the update describes the new version as being “heavily tested”, LTC holders interested in implementing the update are advised to “back up their wallet.dat files before upgrading.”

Despite some rather dramatic ups and downs for Litecoin, the coin has proven itself a rather stable asset in recent months.

In early December, the coin was valued around $100; just a month later, the value had surpassed $230, down from its high of more than $360 during the December crypto boom. Following a decline back to nearly $100 in February, Litecoin has recovered to its current valuation of roughly $205.

Litecoin’s colorful founder, Charlie Lee, made headlines in December when he announced on Reddit in mid-December that he had sold all of his LTC to avoid a conflict of interest.

Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term, your move. https://t.co/efKxK3coV4

— Charlie Lee [LTC] (@SatoshiLite) December 20, 2017

“Satoshi Nakamoto, your move,” he wrote.