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
9
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-...
- 453
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-...
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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
...
- 246
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
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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
- 72.6k
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, ...
- 23k
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 ...
- 1,210
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 ...
- 23k
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 = ...
- 1,334
4
votes
litecoin constants and prefixes
L - Legacy, Non-P2SH (Pay to script hash) address prefix
3 - P2SH prefix that's backwards compatible to the M prefix. When I say backwards compatible, I mean that there is a 3 address and an M ...
- 334
4
votes
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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 ...
- 11.8k
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 ...
- 188
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 ...
- 165
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
Since which version is the mining functionality removed from the wallet?
Bitcoin Core removed it in version 0.13.0. You can see the change log at https://bitcoin.org/en/release/v0.13.0:
Removal of internal miner
As CPU mining has been useless for a long time, the ...
- 23k
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
...
- 419
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 ...
- 72.6k
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
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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 ...
- 14.7k
3
votes
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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. ...
- 96
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.
- 68.5k
3
votes
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LTC source code cloning to a new cryptocurrency?
You will want to familiarize yourself with the code that you have downloaded, which should give you an idea of what you will need to change.
How many coins should already be on the market?:
People ...
3
votes
Accepted
What type of fork is Litecoin?
It's considered a source code fork, or an altcoin, neither a hard fork nor soft fork of bitcoin. To be classified as a soft/hard fork, it should share some of the same chain from the genesis block. LN ...
- 11.8k
3
votes
Accepted
Litecoind answers "getnewaddress" RPC request with "Method not found"
The answer is to recompile the Litecoin daemon, making sure to call the configure script with the --enable-wallet option:
./configure --enable-wallet
From there, make and make-install will give you ...
- 131
3
votes
Derive LTC Segwit (M-Address) private key from Trezor
When you are deriving addresses, you are actually deriving private or public keys from which an address is derived. However addresses are actually an encoding of what type of script to use in the ...
- 68.5k
3
votes
Deeper understating of blockchain forks.
Short answer is no.
Forks
A fork can mean that you "forked" the code on a repository, meaning you copied it and modified it for your own use case. It can also mean that the blockchain network ...
- 7,318
3
votes
Accepted
Will Bitcoin copy Best Features of Litecoin, Ripple, if its Open Source?
Proponents of Bitcoin always mention that Bitcoin is Open Source, so if any better cryptocurrency comes along, Bitcoin can just copy those features in their open source.
Bitcoin can of course adapt ...
- 102k
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