- Litecoin’s alleged lack of efficiency prompted lots of people in its group to fret in regards to the future.
- Such rumors initially emerged almost a 12 months in the past, when a dialog between builders leaked.
- The rumors had been confirmed false yesterday, as LTC’s Charlie Lee introduced the launch of a brand new improve.
Lately the Litecoin (LTC) group began fearing for the mission’s future, as the shortage of updates on new growth prompted suspicion that there is no such thing as a new growth in any respect. Nonetheless, such fears had been rapidly pushed apart yesterday, after Charlie Lee, Litecoin’s founder, revealed a brand new announcement.
Litecoin Venture lastly will get a brand new improve
Lee used his Twitter account to disclose that the mission had simply launched Litecoin Core v0.18.1. The brand new improve got here out in full, fully completed, and prepared for use.
Charlie Lee appears to have additionally been conscious of the rising fears among the many Litecoin group members, as he himself identified that rumors of no growth had been simply confirmed false.
Along with that, he famous that Litecoin Core 0.20 is already within the pipeline. As soon as this improve comes out, Litecoin’s blockchain will lastly be again in keeping with the latest Bitcoin Core code.
What prompted the considerations?
Talks of no growth at LTC threatened to trigger nice hurt to the mission’s repute, however they weren’t unfounded. What Lee stated in his tweet instantly referenced an incident that happened almost a 12 months in the past, in August 2019.
Again then, a dialog between LTC builders leaked to Reddit, indicating that the mission is stagnating, and that it lacks progress. The complete transcript of the dialog between builders continues to be available on Reddit.
Other than the supposed lack of growth, the group was additionally involved by the shortage of LTC’s value restoration. After the mid-March value crash, brought on by coronavirus pandemic fears, many cash began recovering at a speedy tempo. Bitcoin and Ethereum led the rally that returned them to their pre-crash heights.
Litecoin’s charts and evaluation, nevertheless, confirmed that the mission’s restoration is somewhat sluggish. The coin’s value in opposition to the USD fluctuated between $38 and $50 for greater than two months, now.
Nonetheless, with the launch of the brand new improve, this may increasingly lastly see a cease, because the mission may quickly begin seeing a long-overdue efficiency enchancment.
