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In the letter:
- The Litecoin project developers have released the latest core update called v0.18.1.
- News of the available update comes months after investors feared there was no active development in the Litecoin project.
- This release dispels fears that the development of the Litecoin project has reached a dead end.
Earlier today, Litecoin founder Charlie Lee informed the LTC community that the project’s developers had released the final version of Litecoin Core version 0.18.1. Charlie Lee went on to point out that the release silences the question of whether there was an ongoing development in the Litecoin project.
Furthermore, he informed the crypto community that Litecoin Core 0.20 was already in the works and its release would bring the LTC blockchain in line with the latest Bitcoin Core code. More information on this can be found on Mr. Lee’s tweet below.
The final version of Litecoin Core 0.18.1 is available! Who says Litecoin has no development? 😀
Many thanks to all the developers who worked on this version! 👏
We are already working hard on the next release, Litecoin Core 0.20, which will put us in line with the latest Bitcoin Core. https://t.co/JaMq9RcwtR
– Charlie Lee [LTC⚡] (@SatoshiLite) 11 June 2020
He fears that the Litecoin project has not been developed
As for the lack of development at the Litecoin Project, Charlie Lee was referring to an incident in August 2019 in which conversations between Litecoin developers were leaked on Reddit’s social platform. Information contained in the leaked conversations indicated a lack of progress on the Litecoin project. Below are some excerpts from the conversation with the full transcript available on Reddit.
Franklyn: I was extremely disappointed to find that no progress has been made on CT since the announcement, especially when I’m on stage telling everyone it’s happening and we are actively working on it.
Charlie: The honest truth is that no one is interested in working on Litecoin protocol development work. At least none technically competent. You can’t just throw money at this problem. This has been true of Litecoin from the very beginning. It was just me, Warren and Thrasher.
Litecoin struggles to recover from the mid-March coronavirus drop
By checking the charts further and using a previous analysis from Litecoin, it is evident that LTC has lagged behind Ethereum and Bitcoin in recovering from the Coronavirus Crash in mid-March. From a macro point of view, LTC / USD has fluctuated between $ 38 and $ 50 since the beginning of April. Perhaps the launch of Litecoin Core 0.18.1 will provide the much needed bullish momentum to push LTC higher in the days and weeks to come.
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