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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-...
thalisk's user avatar
  • 483
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 ...
Smart Kid's user avatar
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8 votes
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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-...
skaht's user avatar
  • 3,067
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 ...
Stepan Snigirev's user avatar
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 ...
jwinterm's user avatar
  • 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
Murch's user avatar
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7 votes
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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, ...
Nate Eldredge's user avatar
6 votes
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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 ...
venzen's user avatar
  • 609
5 votes
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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 ...
Andrew Poelstra's user avatar
5 votes
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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 ...
Nate Eldredge's user avatar
5 votes
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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 ...
ecurrencyhodler's user avatar
4 votes
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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 ...
Penquin's user avatar
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4 votes
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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 = ...
Monstrum's user avatar
  • 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 ...
Cory Benjamin's user avatar
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 ...
meshcollider's user avatar
  • 11.8k
3 votes
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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 ...
Nate Eldredge's user avatar
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. ...
marquix's user avatar
  • 101
3 votes
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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 ...
Murch's user avatar
  • 75.7k
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 ...
Game Changer's user avatar
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 ...
Henry's user avatar
  • 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 ...
Michael Folkson's user avatar
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. ...
jmjatlanta's user avatar
3 votes
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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.
Ava Chow's user avatar
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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 ...
Jayden Miller's user avatar
3 votes
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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 ...
meshcollider's user avatar
  • 11.8k
3 votes
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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 ...
Marshall Conover's user avatar
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 ...
Ava Chow's user avatar
  • 70.8k
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 ...
JBaczuk's user avatar
  • 7,418
3 votes
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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 ...
Pieter Wuille's user avatar
3 votes

Will Bitcoin copy Best Features of Litecoin, Ripple, if its Open Source?

People have heterogeneous visions for Bitcoin. Some people want it to be a digital gold, some value censorship resistance most, others want it to rival digital payment systems like PayPal. Given that, ...
Murch's user avatar
  • 75.7k

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