9 votes

Can you pay with Litecoin anywhere you can pay with Bitcoin?

Merchants that only accept Bitcoin, will not accept Litecoin directly. However you can pay any Bitcoin merchant with a 3rd party that automatically converts your Litecoin to Bitcoin. The most well ...
  • 293
8 votes
Accepted

How can I generate a Dogecoin address from a Litecoin private key?

Let's assume we have this compressed Litecoin WIF private key: T4DRLwPgnkg9jyivjbbnmqJZjHRxeYTy4idAV5uwEuFdyJBGuxXE. % echo T4DRLwPgnkg9jyivjbbnmqJZjHRxeYTy4idAV5uwEuFdyJBGuxXE | bx base58check-...
  • 2,947
8 votes
Accepted

litecoin constants and prefixes

Here is what I've gathered so far regarding the different version bytes for each type of Litecoin public address: Mainnet: p2pkh L-address (LM2WMpR1Rp6j3Sa59cMXMs1SPzj9eXpGc1): 0x30 p2sh deprecated 3-...
  • 411
8 votes

How is a Litecoin address generated?

Litecoin uses exactly the same procedure to generate addresses, the only difference is the network prefix. On step 4 (Add version byte in front of RIPEMD-160 hash) instead of 0x00 for bitcoin use ...
7 votes

Bitmain AntMiner U1 1.6GH/s - USB Bitcoin ASIC Miner

You can't mine Litecoin with a Bitcoin miner. Bitcoin uses sha256 hashing, Litecoin uses Scrypt, which is about 1000x slower even when implemented in an ASIC, which is why you are calculating ...
  • 225
7 votes
Accepted

How can I use the Litecoin testnet?

Download Litecoin Core, install it, and start it with the -testnet option. I'm aware of two Litecoin testnet explorers: http://testnet.litecointools.com/ https://chain.so/testnet/ltc
  • 65.4k
6 votes
Accepted

Why is a short blocktime considered to be unsafe?

The shorter the blocktime the more time is lost by the relaying of blocks in relation to the average blocktime. A very short block interval therefore makes SPV mining (i.e. mining empty blocks without ...
  • 65.4k
6 votes
Accepted

How to read an exchange order book?

Irrespective of bullish or bearish outlook, there are two attitudes a trader can have in the market: active or passive. Limit orders and stop orders are "passive" trades because they don't move ...
  • 609
6 votes
Accepted

How does scrypt pow work?

It's the same: the proof-of-work is that the scrypt hash of the block header must start with a certain number of zeros (or, more precisely, be numerically less than a certain target value). However, ...
5 votes
Accepted

Would it be possible to do atomic swaps with Monero and Bitcoin?

To do an atomic swap, you essentially need two things: The ability to do 2-of-2 multisignatures. Basically every cryptocurrency supports this, including Bitcoin and Monero, though with varying ...
5 votes
Accepted

Are Bitcoin and Litecoin test addresses compatible?

Yes, they're interchangeable. The components of an address are a prefix byte, a 20-byte public key hash (160 bits), and a 4-byte checksum. Litecoin testnet uses the same prefix byte as Bitcoin ...
4 votes
Accepted

Is there a source for historical LTC trades available?

These files contain every LTC trade from day 1 through about 2:20pm UTC on 31-3-2013. LTCBTC @ BTCe Oct 2011 through March 2013 http://www.mediafire.com/view/?5cwjmviou15k32h LTCUSD @ BTCe Oct 2011 ...
4 votes
Accepted

What are these strange outputs in the Litecoin blockchain?

Those are from an early version of P2Pool, which mistakenly sent outputs to the literal string "script" rather than the variable script. This was naturally fixed, but left lying around are a number of ...
  • 15.2k
4 votes
Accepted

How can I sign a message with a litecoin private key and also generate a litecoin address from a string?

bitcoinjs already has support for litecoin, a quick look at /src/network.js and the README reveals this. https://github.com/bitcoinjs/bitcoinjs-lib/blob/d853806/test/integration/basic.js#L30 See how ...
  • 671
4 votes
Accepted

Litecoin litecore-lib receive UTXO and current balance

I used the request library to manually retrieve information from the insight API. I also used the litecore-lib library to create the transaction. var Litecoin = require("litecore-lib"); var request = ...
  • 1,291
4 votes
Accepted

Help With Raw Transaction Fee - Absurdly High Fee

The fee of a transaction is just the difference between the input and the output value. In the second transaction you posted, the input value was 0.25 LTC and the output value was 0.15 LTC, so you ...
  • 11.5k
4 votes
Accepted

Why is the Litecoin blockchain smaller than the Bitcoin one?

Up until 2017, both BTC and LTC had 1 MB block limit. When SegWit was soft-forked into both protocols, the capacity increased to a hypothetical 4 MB blockweight limit. But the limit doesn't mean ...
3 votes
Accepted

Why did Litecoin choose the scrypt factors that they did?

Litecoin basically copied the parameters from a coin called tenebrix. The parameters were chosen partially because using more memory intensive parameters caused the GUI to be noticeably slow. Listen ...
  • 13.8k
3 votes
Accepted

How to generate a Litecoin Private key and correspondent Public Address in C#

That's odd, since BAU's docs say that they ought to work with Litecoin. In the drop-down menu that selects the coin type, have you selected Litecoin? Alternately, if you're willing to run an RPC node,...
  • 28.9k
3 votes

Detailed guide on how to Create a Litecoin Fork, With Pre-mine instructions

Off the top of my head: You need a new genesis block. You need a different address byte (e.g. bitcoin uses 0). You need to change the default port and rpc port. You need a way for clients to ...
  • 28.9k
3 votes

Multi-currency wallet api

I am developing an open source wallet that handles multiple currencies and stores the keys in a deterministic key chain (BIP44). It is currently on Android but it is written in am modular way so that ...
3 votes

Compiling litecoind on Ubuntu 15.04

The build system has changed to autotools in later versions of Litecoin. The process now looks like this: ./autogen.sh ./configure make -j4 make install # optional There's up to date ...
  • 15.2k
3 votes

2 years and 30 weeks to import blocks?

This is a misconception and applies to everything based off Bitcoin's UI for the functions. The bar at the bottom of the User Interface is not the "time to sync". It's stating the last day/date (and ...
3 votes

Bitmain AntMiner U1 1.6GH/s - USB Bitcoin ASIC Miner

You are looking at a Bitcoin miner, not the Litecoin miner which you need for Scrypt hashing so the estimates will not even be close. Once you find the correct type of script miner, keep in mind that ...
3 votes

How is Scrypt ASIC-resistant?

The Scrypt algorithm started out as an "ASIC-resistant" algorithm, but it isn't anymore. Because it is highly memory-intensive, it was thought to be prohibitive to design and use ASICs for it. ...
  • 101
3 votes
Accepted

Where can I find the current fee level for LTC?

Looking at Litecoin coming from Bitcoin, most blocks have plenty of space: right now most are between 2 and 30 transactions only. It turns out, that most transactions appear to only pay the default ...
  • 65.4k
3 votes

Is my profit calculation for Genesis mining correct?

One factor I know you are currently missing is mining difficulty. It will become more and more difficult to mine litecoin. So profits will drop as there will be less litecoin mined for the mh/s you're ...
  • 31
3 votes
Accepted

How does Litecoin compare to Bitcoin?

Litecoin was created as a fork of the Bitcoin Core client in 2011. There were some initial differences: a maximum of 84 million coins (21 million Bitcoins), 2.5 minute block times (10 minute Bitcoin ...
3 votes
Accepted

Simple explanation of how a hash timelock function works with an atomic trade of bitcoin / litecoin trade without a 3rd party?

I am leaving out a few details here, but this will get you thinking on the right path... Alice and Bob have accounts on both the Bitcoin and Litecoin networks. Bob has Bitcoin, but wants Litecoin. ...
3 votes
Accepted

Can I restore a Litecoin wallet with Public / Secret?

All you need to do is importprivkey. The software will handle everything else. Everything else it needs can be derived from the private key, and it will do so when you give it a private key.
  • 63.3k

Only top scored, non community-wiki answers of a minimum length are eligible