Blockchain litecoin download
Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki. Up-to-date network statistics can be found at Litecoin Block Explorer Charts. Source code for Litecoin Core and related projects are available on GitHub. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items. Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments. Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years every , blocks. The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.
Community Find support across a growing number of Litecoin communities: What is the Seed? Electrum-LTC uses a bit random seed to generate your private keys. The seed can be represented as a word mnemonic code. You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper.
What is the gap limit? The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. Electrum-LTC uses a gap limit to stop looking for addresses. This is set to 5 by default, so the client generates new addresses until 5 unused addresses are found.
When you freeze an address, the funds in that address will not be used for sending litecoins. You cannot send litecoins if you don't have enough funds in non-frozen addresses. The best way to switch to Electrum is to send all the litecoins you have on your old wallet to one of the addresses on your Electrum wallet. This way you'll have all your litecoins secured with your seed.
Older versions of Electrum could import private keys from another client, but then you had to backup those keys separately, as they could not be restored by the Electrum seed. Where is my wallet file located?
What is a blockchain? A blockchain is a long record of every single transaction ever made. Each litecoin traded for a good or service is marked on the ledger with a transaction id and the origination and target wallet addresses.