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The cryptocurrency market in the last days has struggled to get out of the bear's grip with popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Litecoin [LTC] struggling to get out of the sideways price movement.
litecoin [LTC] has seen quite a few updates over the past week with the Foundation teasing its latest update: Litecoin Core 0.17. The USP of the latest development, according to the Foundation, is the lowest network cost. The official post stated:
"The average transaction fee as it is on the network is £ 0.11 for KB or ~ $ 0.05. With the announced changes that will soon become £ 0.01 per KB or ~ $ 0.005, half a cent and back to the levels of 2015 ".
The organization officials said they had managed to reduce their taxes due to the number of empty blocks on the Litecoin blockchain.
Litecoin gained another push for mainstream adoption when Marks Jewelers, a major jewelry retailer, informed customers that they would start accepting LTC as a form of payment, in addition to Bitcoin. [BTC], Bitcoin Cash [BCH] and Ethereum [ETH].
Joshua Rubin, Marks Jewelers marketing director, went on to say:
"We are thrilled to start accepting cryptocurrency payments from our customers all over the world, enabling us to make our precious jewels available to the global market, paying lower commissions and avoiding chargebacks." Marks has long been known for our meticulous craftsmanship and selection, and we are excited to open our store in the world. "
Last week also saw Litecoin listing on Gemini, one of the most popular cryptocurrency exchanges in the world. The announcement of the update has irritated the whole community with Nova, a Twitter that states:
"Instead of liquidity, you should work for adoption." Smfh. The community is shouting Pay With Ltc and you're out there looking for lol da faq exchanges? #Ltc #litecoin @SatoshiLite you do not understand the value of LTC falls every time you add an exchange, stop "helping"
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