The Litecoin Core developers said that the client update to version 0.17 will allow ten times to reduce the size of the Commission in the network: almost $0,05 (0,001 LTC per 1 KB) to 2015 – $0,005 (0,0001 LTC per 1 KB). At this point, the system charges a fee tied to the size of the data necessary to implement the transaction and allows you to charge, e.g., $0.01 for the operation at $1 million and $0.10 per sending $100.
Litecoin Fees to lower by 10x in the next Core Release.@thrasher_au @LitecoinProject #Litecoin https://t.co/AAkBdzZkMr
— Litecoin.Com (@LitecoinDotCom) October 19, 2018
Recall that recently the Monero team has completed hardwork, in which in the core network was activated Protocol Bulletproofs. Now, according CoinMaterics, the Commission, the network has fallen from 60 cents to two, and the average size of transaction is 18.5 KB came up to 3 KB.
Average fee has plummeted from 60 cents to 2 cents https://t.co/V6Nwejuo6L pic.twitter.com/d6d8qYB8WU
— CoinMetrics.io (@coinmetrics) October 20, 2018