What Wallet To Use For Litecoin

Atomic Wallet is a popular wallet amongst crypto holders. And it is a multi-currency wallet, meaning you can store Litecoin but also many other cryptocurrencies on it. The Atomic wallet is available for both desktop and mobile (Windows, Mac, Ubuntu, Debian, Fedora, iOS and Android). Unlike many wallets, Exodus is a great wallet for many different cryptocurrencies – including Litecoin. Has recovery options so your wallet is safe even if your PC gets stolen or breaks. It gives you more control over the private and public key to your wallet. Exodus allows you to exchange cryptocurrencies with one another using Shapeshift. There are many ways you can spend your Litecoin from a paper wallet. Here are two of the easiest ways to do it. Perhaps the easiest method to spend your Litecoin is through litewallet, the mobile wallet developed by the Litecoin Foundation. Go to Menu- Settings- Start/Recover Another Wallet. Scan the QR code of your private key.

• Which Wallet Is Best For Bitcoin
• What Wallet To Use For Litecoin Money
• What Wallet To Use For Litecoin Visa

Download Trust Wallet for Litecoin (LTC) The mobile app works with several crypto tokens and blockchain wallets. With Trust Wallet, you are in control over your funds. Receive, send, store and exchange your cryptocurrency within the mobile interface.

What is Litecoin

Litecoin is a proof of work cryptocurrency created by Charlie Lee in 2011 to be a “silver” compared to the “gold” of Bitcoin. Designed for everyday use, Litecoin features an average block time of 2.5 minutes, as opposed to Bitcoin's 10, As a consequence, Litecoin has a maximum total supply that will cap out at 84 million as opposed to 21 million for Bitcoin.

How Does Litecoin work & where can I get a Litecoin Wallet?

Litecoin is mined using the Scrypt algorithm, which is more memory intensive in comparison to Bitcoin's SHA256. Furthermore, Scrypt requires a lower hashrate, which allows for Litecoin’s faster block times. In creating Litecoin, Charlie Lee didn’t try to reinvent the wheel. Drawing inspiration from Trust Wallet and other Trust Wallet successors, Lee crafted Litecoin to stand on the shoulders of Trust Wallet.Perhaps the first fork of Trust Wallet that is still alive, Litecoin was designed to be complimentary, rather than antagonistic, to Litecoin. The usage of Scrypt instead of SHA256 was the key difference, but Litecoin is still a blockchain secured by proof-of-work. In using a different algorithm that rewarded different computing resources - miners could choose to mine both Litecoin and Trust Wallet, rather than stick with just one. Trust Wallet is more than just a Litecoin wallet, you can use Trust Wallet to replace your current Litecoin wallet by installing the Trust Wallet app today!

Litecoin Addresses

With the shorter block period, Litecoin is more functional for everyday payments, as a merchant doesn’t want to wait 10 minutes to confirm whether or not they have received their payment. The reduction in hashrate intensity originally gave Litecoin an opportunity to be mined by individuals with less computing power. Today, however, companies and teams have created ASICs for Litecoin, albeit at a higher cost than creating ASICs for Bitcoin.

Which Wallet Is Best For Bitcoin

Additional Developments

Rather than just a simple fork, Litecoin also works to adopt developments and additions inspired from discussions surrounding the Bitcoin network, and has actually adopted several key features such as Segregated Witness (SegWit) and the Lightning Network.

What Wallet To Use For Litecoin Money

Features

What Wallet To Use For Litecoin Visa

• Proof-of-work with 2.5 minute block periods.
• Mined using the Scrypt algorithm.
• One of the oldest blockchains