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Developers Introduce Litecoin Core 0.16.2 Update

Published: 10/09/2018
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What is it for?

The software update for the Litecoin cryptocurrency network is released. It is a small addition to version 0.16, which includes bug fixes, new features and the improved translation of the interface to other languages, according to the company's official blog.

 

 

Crypto wallets, created in versions later than 0.16, are incompatible with the earlier software, however, already existing ones will work in the new version. Despite thorough testing, the developers warn of possible technical problems and advise to make a backup of the wallet before updating it.

 

In the new release, the "-blockmaxsize" option to specify the block size for the miners is absent, because it was deprecated by many clients in version 0.15.1. For this purpose, users of the updated Litecoin Core will be able to apply the "-blockmaxweight" command.

 

Litecoin Core 0.16.2 is available to the clients of macOS 10.8+, Linux Kernel, Windows Vista OS and later, but it is not supported on Windows XP.

 

In August, Charlie Lee, the founder of the Litecoin cryptocurrency, announced that transactions with LTC became available in Telegram. Lite.im is an option which allows checking the account balance or transferring funds to another user's crypto wallet. In the future, the developers plan to create a mechanism for SMS-operations with the Litecoin token, not requiring access to the Internet.

 

Source: CoinMarketCap

 

As previously reported, Charlie Lee sold his entire share of LTC, when the price of the token amounted to $370. Currently, the Litecoin cryptocurrency is estimated at about $55, but Lee said that he is not going to buy his tokens back.

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  1. Brooks_Al:
    09/10/18 at 09:14

    They definitely should work on compatibility between newer and older versions of crypto wallets.

  2. Sarka:
    09/10/18 at 10:44

    will see how it will work, because previous version really had many disadvantages