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  • The new version enables dynamic wallet creation.
  • The minimum transaction fee has been lowered to 0.0001 LTC/kB.

Litecoin’s lead developer, Adrian Gallagher, announced the release of the next version of Litecoin core called v0.17.1. Some of the new features in this version are:

  • Dynamic wallet creation: Previously wallets could only be loaded or created at the startup, but this version enables dynamic wallet creation.
  • The default minimum transaction fee -mintxfee has been lowered to 0.0001 LTC/kB. This was achieved by relaxing the minimum relay and dust relay fee rates.
  • The ‘account’ functionality has been deprecated and replaced by the ‘label’ API.

Due to some minor glitches and the relatively involved upgrade process, the new version is recommended only for experienced users. The project team also warns that running the new version and then attempting to switch to an older one may require re-downloading the whole blockchain.