Litecoin Changes Its Logotype, Community Eager to Start Adopting

  • Yuri Molchan
    📰 News

    The Litecoin Foundation encourages its community to adopt its new logotype of the blue color; LTC users are happy to do that, showing great enthusiasm


Litecoin Changes Its Logotype, Community Eager to Start Adopting

The first time Litecoin made its new logotype public was at the UFC232 event. The presentation of the new symbol for the ‘digital silver’ was successful, and the new commercial symbol seems to have fascinated numerous LTC community members. Now many are beginning to adopt it.

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Blue vs Grey

The new logo was made by Australian company “The Tokens Agency”, and it radically contrasts the previous grey Litecoin logo.

The Litecoin platform allows absolutely anyone to make use of the new logo free of charge, following the open source nature of the LTC currency.

The new logo of blue color first was meant to be utilized along with the previous grey one in contrast. But the new logotype has been accepted by the community so warmly and eagerly that it is soon expected to be seen on several major sites that have integrated Litecoin payment options.

Cover image via u.today
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Litecoin (LTC) User Pays 200 LTC Fee to Transfer Slightly Under 9 LTC

  • Yuri Molchan
    📰 News

    A LTC user has recently✔️ ⏳ sent a small Litecoin amount and had to pay✔️ 💸 a 200 LTC fee for verification, even though s/he was only moving📈 8.88 LTC


Litecoin (LTC) User Pays 200 LTC Fee to Transfer Slightly Under 9 LTC
Contents

Recently, a Litecoin user has made a transaction to send 8.88 LTC (slightly under $1,000). The network fee he had to pay for it was huge – a bit more than 200 LTC, though. That is $20,500.

Strange spike in LTC transaction fees

The news was reported by Litecoin.com, the Chinese mining pool LTC.Top included the expensive transaction into the block 1636831 and verified it, taking the abnormally big fee.

Instead of paying a regular fee of about $0.05 on the LTC network, the user had to pay $0.70 – a fee which miners collected in late 2017 when LTC was at the peak of its peak price at $400.

After that LTC and other altcoins lost 80 percent of their value along with Bitcoin.

The fee per kB totalled 83.23080000 LTC ($7,297.68)

The fee per kWU totalled 20.80770000 LTC ($1,824.42)

The fee per kVB equalled 83.23080000 LTC ($7,297.68)

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The abnormal fee should be returned

The transaction turned out to be a consolidation of funds. Since the first appearance of this address on the network, it has conducted slightly under 2,600 transactions with LTC.

Since funds are often added and removed from this address, Litecoin.com believes that it is a corporate wallet. Litecoin.com reports that most likely the accident was a pure error either based on human behaviour or on software error.

The website urges readers to reach out to the LTC.Top mining pool and get them to return the fee to the transaction maker.

Cover image via u.today
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