Litecoin Updates its Codebase Version to Include New Features

A few years after the launch of 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, Charlee Lee launched his own version of the cryptocurrency. The development task was not a difficult one, as Lee simply took Bitcoin Core's code and tweaked the block time and mining algorithms to make the new coin.

However, as the years go by, Litecoin's development team is now focused on adding features exclusive to this cryptocurrency. Keeping this in mind, the Litecoin project has updated the core version of its codebase and after the community revision, it is preparing for release.

Litecoin Core 0.15.1rc1 has been released! 💥

This is a release candidate. Please help us test it. https://t.co/YyUmTTMnw0

Binaries: https://t.co/ksqliWsJfY or https://t.co/h3kJ0gbOZd

Thanks @thrasher_au! https://t.co/C8qBFd46NQ

— Charlie Lee (@SatoshiLite) February 8, 2018

By the end of 2017, Litecoin had attracted the attention of the crypto community as the coin’s value spiked to $371. Litecoin appreciated by 5,280 percent in 2017 alone, dwarfing even Bitcoin’s 1400 percent rise in the same period. However, the coin could not hold its peak and its value started to fall gradually. Currently, the coin is struggling to maintain value at around $150 amid the recent market crash.

The coin has also attracted its fair share of controversy, as some blamed Charlee Lee for creating undue pressure on the popular cryptocurrency exchange Coinbase to list his coin. Lee also announced in a public statement that he sold all his assets in Litecoin after the coin achieved its peak.

Watch my talk from August of 2014, 3.5 yrs ago. "Litecoin: From Genesis to the Moon" https://t.co/isoEwdNgUO

Litecoin has done extremely well on the first 3 steps and we are now focused on merchant adoption. And for that we need LTC merchant processing support. #PayWithLitecoin pic.twitter.com/QkDMlkOsFe

— Charlie Lee (@SatoshiLite) February 7, 2018

The core features of Litecoin are very similar to those of Bitcoin. It replicates Bitcoin even better than Bitcoin Cash does. For instance, Bitcoin Cash does not include Segregated Witness upgrade, while Litecoin activated the feature before even Bitcoin did.

Litecoin’s main focus is to make crypto assets suitable as a means of payment - a feature that Bitcoin is struggling with.

With the release of LitePay, many merchant payment processors are integrating support for Litecoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. Charlee Lee recently tweeted a list of merchant processors that now support Litecoin - the list includes Aliant Payments, BTCPay, BitcoinPay, and many more.

Merchant processors:
Aliant Payments @AliantPayment
BTCPay @BtcpayServer
BitcoinPay @bitcoin_pay
Coin Gate @CoinGatecom
Coin Payments @CoinPaymentsNET
Cointopay @Cointopay
GoCoin @GoCoin
LitePal @LitePalOfficial
LitePay @LitePayInc
... and more to come!

🐔🚀🌕#PayWithLitecoin pic.twitter.com/z6kppdyp5J

— Charlie Lee (@SatoshiLite) February 7, 2018