Litecoin version 0.8.5.1 was released in November 2013. The release included fixes for vulnerabilities and added enhanced security to the Litecoin network.
The Litecoin developer team released in early December 2013. The new version offered a 20x reduction in transaction fees, along with other security and performance improvements in the client and network. The source code and binaries were released early to people in the "#litecoin" IRC channel, on the official Litecoin forums, and on Reddit, with information for power users to add a Litecoin supernode to the configuration file, while the main site was to be updated after enough of the network was running the new version. This release method was used to ensure that the low fee transactions from clients would not be delayed by clients running older versions.
In April 2014, a new version of Litecoin was released, which fixed some minor issues along with an important fix related to the Heartbleed security bug.
Payments in the Litecoin network are made to addresses, which are Base58-