The Future of Litecoin | Interview With Charlie Lee
CHARLIE LEE EXPLAINS LITECOIN
Litecoin Founder Charlie Lee explained the lack of protocol updates for a long period of time.
Recently, the cryptocurrency team began to be accused of inaction and refusal to further develop the project. However, Lee denied these rumors and gave a number of reasons why the community might have such an impression…
First of all, the stormy activity lies in the fact that most of the updates were developed for bitcoin, therefore they are integrated into litecoin with more delayed. Charles explained that the last update was released in May of this year. Adding that it looks like the developers have taken a year off.
The second reason is that the cryptocurrency team is not working on the main GitHub branch. The proposed solution is due to the necessary constant rechecking of unimplemented code..
According to Charlie Lee, over the eight-year history of litecoin, the project has had only a few main participants, lead developer Adrian Gallagher is now actively working on the 0.18.1 version of the network. He said that recently he has also paid no attention to the popularization of the cryptocurrency, and not its technical component, but now he will return to the question again..
Recall that some of the miners disconnected from the Litecoin network due to the recent reductions reward from 25 to 12.5 LTC for each new block.
text: Ivan Malichenko, photo: cimg