- Litecoin recently released a significant network upgrade aimed at improving security on the network.
- Despite this, Litecoin is currently trading 5.5% lower than before, with a circulating supply of 72,400,940 LTC and total market cap of $7,512,233,632.
- Litecoin stands out among other cryptocurrencies due to its faster transaction times and lower transaction fees.
Introduction
This article discusses the recent network upgrade implemented by Litecoin amidst a decrease in its value despite the improvement to its security.
Security Upgrade
Litecoin recently announced the release of Litecoin Core version 0.21.2.2 which includes updates that strengthen the security of nodes and networks. According to the firm, this version incorporates updates that strengthen the security of nodes and networks. The feature also aims to prevent nodes with less powerful hardware from running out of memory in case there is an increase in activity across the network.
Unique Features
Litecoin stands out among other cryptocurrencies due to its faster transaction times and lower transaction fees. Its mining algorithm Scrypt is designed to resist specialized mining hardware making it more decentralized compared to other digital assets. Additionally, Litecoin was one of the first cryptocurrencies to implement Segregated Witness (SegWit) which separates transaction signature data from transaction data increasing its capacity as well as reducing miners’ load on new blocks in order for them to get rewards quicker than before.
