Founder Charlie Lee made 2 very distinct tweets about the Litecoin features/fees and network improvements that is just more good news for crypto and LTC specifically.
For the next release of Litecoin reference client, we will reduce the relay fees from 0.001 LTC/kb ($0.30/kb) to 0.00001 LTC ($0.003/kb). We hope to have that out next week. Once people are using the new relay fees, we will reduce the actual min fee to 0.0001 LTC/kb ($0.03/kb).
He also said at the same time:
I'm proposing an upgrade to Litecoin with a soft fork that will let miners signal their min accepted fee in the block header. This will let a fee market develop without having us decide what the min fee is. Will also make it easier for users to estimate fees. More details later.
Another big year for Litecoin -- users and fans and the coin itself.
Thanks Charlie Lee, you are the man!!!
The last 30 days of LTC:
Thanks for reading, have a nice day.
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LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
Founder Charlie Lee made 2 very distinct tweets about the Litecoin features/fees and network improvements that is just more good news for crypto and LTC specifically.
For the next release of Litecoin reference client, we will reduce the relay fees from 0.001 LTC/kb ($0.30/kb) to 0.00001 LTC ($0.003/kb). We hope to have that out next week. Once people are using the new relay fees, we will reduce the actual min fee to 0.0001 LTC/kb ($0.03/kb).
He also said at the same time:
I'm proposing an upgrade to Litecoin with a soft fork that will let miners signal their min accepted fee in the block header. This will let a fee market develop without having us decide what the min fee is. Will also make it easier for users to estimate fees. More details later.
Another big year for Litecoin -- users and fans and the coin itself.
Thanks Charlie Lee, you are the man!!!
The last 30 days of LTC:
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Sweet. Lets go LTC! Gotta love low mining fees.
Wait, what was that??
I could barely hear you from all the money in my pocket that Charlie is saving me!
LOL
I bought at $340 last month and I’m trying to HODL until I have some hope again
That is dramatic LOL.
The ATH was around $380 or so, right around that time, you will be fine.
(:
We could be there within the next week EASILY! The money comes in waves if you haven't noticed. Each wave is bigger than the next!
Dude that is super legit! I'm so happy I just stocked up on some Litecoin. I noticed it was a little undervalued at $250 a pop so I grabbed about 28 of them for a rainy day :-D
Litecoin always has been my preferred method to send crypto. Super fast, reliable AND as always CHEAP.
Someone needs to edit that to say Litecoin!
thanks for the post!
Great news. I, as a LTC investor it always assure you that you did the right decision.
Thank you!
Resteemed!
Spread good word, and thanks again!
Excelente noticia, tengo algo invertido en litecoin poco pero es algo, estoy muy feliz por esa noticia, este año siento y creo que va ser muy bueno para el Litecoin.
litecoin is gearing up for multiple times success this year, with the rumour linking facebook to partner with litecoin, the moon is the starting point for litecoin.
I friggin love it so much. There are no words.
Well, those are some words there I guess.....
Looking to see that btc:ltc ratio get even closer this year! Litecoin has still has so much more potential than it's given credit for, especially with Charlie Lee at the helm. His sell off of his LTC holdings may end up being the best thing for the coin in the long run, that's my hope at least...
I'm still of 2 minds there with Charlie doing that or most of what was said he sold off, but I love the guy -- pretty hard to doubt an OG like that who knows his stuff...
hopefully litecoin development will continue to increase. I will save this post
The project it's bigger then him.
And the fees of bitcoin are helping it show it's potential.
Agreed.
@newlifeabdo
Would personally love to see LTC become the de facto medium of exchange crypto in 2018. ETH can be the dApp platform, and BTC can be the store of value :)
~ Kevin
We are sort of in that realm now, methinks!
Thanks for keeping us updated! LTC is one of my long term holds - I think that the potential for it to make good on BTC's original promises are is high, which will definitely help with its growth. The network improvements are also very impressive, I can't wait for them to roll out.
LTC leads the way, in so many areas. I love it so much!
I really need a nice XL t shirt to rep it properly LOL
It does and so so I! Haha, if I'm ever ordering any I'll make sure to tell you first so you can too!!
Amen to this. Thanks man.
Nice post
.
OMG LOL, best reply on a gif!!!!
thanks
We hope litecoin will shine. It is my favourite coin for transaction since cheaper and faster than btc.
Agreed.
Nice post
.
Nice Post!!! I too see BIG things coming up for Litecoin. I believe we will see a $500+ value by June.