Electrum litecoin not verified
When you send Bitcoins, Electrum looks for unspent coins that are in your wallet in order to create a new transaction.
Unspent coins can have different values, much like physical coins and bills. If this happens, you should consolidate your transaction inputs by sending smaller amounts of bitcoins to one of your wallet addresses; this would be the equivalent of exchanging a stack of nickels for a dollar bill.
The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. Electrum uses it in order to stop looking for addresses.
Electrum will generate new addresses as you use them, until it hits the gap limit. If you need to pre-generate more addresses, you can do so by typing wallet.
This command will generate one new address. Note that the address will be shown with a red background in the address tab to indicate that it is beyond the gap limit.
The red color will remain until the gap is filled. Addresses beyond the gap limit will not automatically be recovered from the seed. For example, if you wanted to generate 50 addresses, you could do this:.
To upgrade Electrum, just install the most recent version. The way to do this will depend on your OS. Note that your wallet files are stored separately from the software, so you can safely remove the old version of the software if your OS does not do it for you. For this reason, it is not recommended to downgrade Electrum to an older version once you have opened your wallet file with the new version.
The older version will not always be able to read the new wallet file. Frequently Asked Questions How does Electrum work? Does Electrum trust servers? What is the seed? How secure is the seed? I have forgotten my password. What can I do? My transaction has been unconfirmed for a long time.
How is the wallet encrypted? Does Electrum support cold wallets? Can I import private keys from other Bitcoin clients? Can I sweep private keys from other Bitcoin clients? Where is my wallet file located?
Can I do bulk payments with Electrum? Can Electrum create and sign raw transactions? Electrum freezes when I try to send bitcoins. What is the gap limit? How can I pre-generate new addresses? How do I upgrade Electrum? If you have made a transaction that is unconfirmed, you can: Wait for a long time. Eventually, your transaction will either be confirmed or cancelled. This might take several days. Increase the transaction fee. A window will popup with the unsigned transaction. A CPFP is a new transaction that pays a high fee in order to compensate for the small fee of its parent transaction.
It can be done by the recipient of the funds, or by the sender, if the transaction has a change output. The private keys are decrypted only briefly, when you need to sign a transaction; for this you need to enter your password.
Linux sudo apt-get install python3-setuptools python3-pyqt5 python3-pip python3-dev libssl-dev sudo pip3 install scrypt sudo pip3 install https: OS X Executable checksums ; signature by Pooler. Android is not currently supported. If you are looking for a mobile wallet, check out LoafWallet , Jaxx or Coinomi. 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.