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Litecoin [LTC] releases its new v0.16.2; interesting tweaks observed in the protocol

Priyamvada Singh

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Litecoin [LTC] releases its new v0.16.2; interesting tweaks observed in the protocol
Source: Pixabay

On 8th September, a new version of Litecoin called Litecoin Core v0.16.2 was released, as announced by the official Medium blog for the cryptocurrency. The release contains minor tweak with added features, multiple bugfixes and improvement in performance and more. The update was also posted on Twitter by the official Twitter handle of the Litecoin project, as claimed by the party.

The blog post also highlighted several significant changes made in this release, related to compatibility, miner block size and suchlike. Subsequently, it issued warnings regarding a possibility of bugs, despite the heavy testing undergone by the version.

Currently, Litecoin Core is compatible with a number of operating systems such as macOS 10.8+, Linux Kernel, Windows Vista and later versions. However, the post stated that Windows XP is not included on the list. Apart from the tested systems, LTC may work on Unix-like systems as well but is not guaranteed to do so due to infrequent tests on them.

Another interesting modification in the release is the removal of miner block size. In the 0.15.1 version of Litecoin Core, miners deprecated the option known as ‘-blockmaxsize provided to limit their block sizes. In this version, the feature has been removed. However, -blockmaxweight option will give miners the freedom to limit their block weight.

Recently, Charlie Lee, the Founder of Litecoin posted a Twitter poll for his followers wherein he intended to find the most popular choice for a privacy protocol integration, among the LTC community. Here, he provided the community with four options: Confidential Transactions, ZK-Snarks/ZK-Starks, MimbleWimble, no privacy at all. The majority of votes were allocated to Confidential Transaction.

This week, the Litecoin network also received Casa LN Node support, which was a contributing factor to the LTC Lightning Network. The support will be added on the Casa Lightning Node in the latter part of 2018.



cryptofuture4me enthusiastically responded to the release on Reddit, indicating towards an idea for wider LTC adoption. The user wrote:

“From where I can buy Litecoin bumper sticker to advertise LTC with my car? My car is a toyota corolla silver grey. Thanks for any good suggestion LTC family! I’m from IL”

A Twitter user called La Secuencia also took to comments regarding the price of the LTC token and said:

“good afternoon greeting when you think you raise ltc to 100 or 200”





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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