New fee estimation to be tested in Litecoin network

Charlie Lee proposes miners to signal their min accepted fee in the block header
10 January 2018   714

Charlie Lee is going to test his own ideas in Litecoin network.

Thanks to this solution, users do not have to determine for themselves what minimum amount of commissions they will need to pay for a quick confirmation of transactions. Instead, they will have available information from the miners, based on which it will be possible to calculate the median commission size for the last 100 blocks and indicate the amount that guarantees confirmation within the nearest blocks.

Since the minimum commission amount will be included in the block header, this data will also be available for wallets using the simplified payment verification (SPV) method.

Also, Charlie Lee added that in the next release of the reference client Litecoin, the minimum commission for transmitting transactions on the network will be reduced from 0.001 LTC / kb ($ 0.30 / kb) to 0.00001 LTC ($ 0.003 / kb). Transaction fees will then be reduced to 0.0001 LTC / kb ($ 0.03 / kb).

European Crypto Exchanges Launch P2P Platforms

Two crypto exchanges from announced plans to offer peer-to-peer cryptocurrency trading  
16 February 2018   120

The first exchange is Latvia-based Hodlhodl which launched in beta-mode its new P2P platform. The second one is Bulgarian which is developing its own service that may replace the fiat medium with a token.

The Hodlhodl launched a beta version of its new platform designed to accommodate safe and secure peer-to-peer transactions of bitcoin and other cryptocurrencies. At the moment, users can open accounts and adjust them, and study available functionalities. Contracts are currently disabled but developers hope to complete the order book and launch them within a week.

At first, only BTC and LTC will be traded. The exchange will operate in beta-mode until July 2018 with 0% commission. After that, there will be applied a fee of max 0.6% per trade.
The P2P Bitcoin exchange will introduce contracts that will allow users to control their funds in escrow.

Hodlhodl offers support of native Bech32 Segwit addresses and P2SH-P2WSH Segwit multisig escrow addresses. The exchange services will be decentralized and no KYC or AML procedures will be applied.

The websites are available in English, in future other languages will be added. Also, it will introduce support for Lightning Network micropayments and other cryptocurrencies.

Bulgarian has also announced that it is working on a P2P platform, after facing multiple issues with the traditional financial system.

This month the exchange announced that it is planning to trade Bitcoin on a new peer-to-peer platform that is currently under development.

The new system will offer the opportunity to trade through Cryptolevs backed by a certain amount of bitcoin “locked” in a public address. Bank transfers will be made on a peer-to-peer basis and banks will not be able to tell if such transactions are bitcoin-related.