What Wallet To Use For Litecoin

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A proxy adapter for the wallet to use to interact with the running node. $ cd proxy-adapter$ npm install$ npm start To actually have a node to run the wallet against you need to pull down the core litecoin project.This is not included in this repository and instructions for running a node on testnet can be found in that project MAKE SURE YOU. Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Litecoin is an important next step in that direction.

Download Trust Wallet for Litecoin (LTC) The mobile app works with several crypto tokens and blockchain wallets. With Trust Wallet, you are in control over your funds. Receive, send, store and exchange your cryptocurrency within the mobile interface.

Bitcoin

What is Litecoin

Litecoin is a proof of work cryptocurrency created by Charlie Lee in 2011 to be a “silver” compared to the “gold” of Bitcoin. Designed for everyday use, Litecoin features an average block time of 2.5 minutes, as opposed to Bitcoin's 10, As a consequence, Litecoin has a maximum total supply that will cap out at 84 million as opposed to 21 million for Bitcoin.

How Does Litecoin work & where can I get a Litecoin Wallet?

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Litecoin is mined using the Scrypt algorithm, which is more memory intensive in comparison to Bitcoin's SHA256. Furthermore, Scrypt requires a lower hashrate, which allows for Litecoin’s faster block times. In creating Litecoin, Charlie Lee didn’t try to reinvent the wheel. Drawing inspiration from Trust Wallet and other Trust Wallet successors, Lee crafted Litecoin to stand on the shoulders of Trust Wallet.Perhaps the first fork of Trust Wallet that is still alive, Litecoin was designed to be complimentary, rather than antagonistic, to Litecoin. The usage of Scrypt instead of SHA256 was the key difference, but Litecoin is still a blockchain secured by proof-of-work. In using a different algorithm that rewarded different computing resources - miners could choose to mine both Litecoin and Trust Wallet, rather than stick with just one. Trust Wallet is more than just a Litecoin wallet, you can use Trust Wallet to replace your current Litecoin wallet by installing the Trust Wallet app today!

Litecoin Addresses

With the shorter block period, Litecoin is more functional for everyday payments, as a merchant doesn’t want to wait 10 minutes to confirm whether or not they have received their payment. The reduction in hashrate intensity originally gave Litecoin an opportunity to be mined by individuals with less computing power. Today, however, companies and teams have created ASICs for Litecoin, albeit at a higher cost than creating ASICs for Bitcoin.What Wallet To Use For Litecoin

Additional Developments

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Rather than just a simple fork, Litecoin also works to adopt developments and additions inspired from discussions surrounding the Bitcoin network, and has actually adopted several key features such as Segregated Witness (SegWit) and the Lightning Network.

What Wallet To Use For Litecoin Cash

Features

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  • Proof-of-work with 2.5 minute block periods.
  • Mined using the Scrypt algorithm.
  • One of the oldest blockchains