Litecoin has established itself as a market leader thus far in 2019. What caused its robust gains?
Declining Transaction Fees
Between April 4, 2018, and the same time in 2019, the median fee for executing litecoin transactions has declined more than 50%, according to figures supplied by These expenses are expected to drop significantly when Litecoin Core 0.17.1, which is available on GitHub for testing, is implemented.Another development that has been cited as a bullish factor for litecoin is anticipation surrounding potential improvements in the digital currency's privacy.
"The partnerships the Litecoin Foundation has been able to forge over the past 4 or 5 months have increased awareness beyond that of the crypto echo chamber many within the space forget we tend to reside in," said David Schwartz, the foundation's project director. In February, the foundationthat it had teamed up with concert production company C&U Entertainment Global to offer VIP tickets at a George Mason University concert that could only be bought using litecoin.
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