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Title: Litecoin Core Question Post by: journeyman12 on February 03, 2018, 12:48:25 PM Hello all.
For 2 years I am a small time trader in Bitcoins at LBC. Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins. Am I right that the word ¨Altcoins¨ stands for all other crypto currencies? So, Litecoin is an Altcoin ? I downloaded Litecoin Core and installed it. After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨. Once synced can I use this wallet more or less the way Electrum works? Title: Re: Litecoin Core Question Post by: MoonIsBlue on February 03, 2018, 02:27:00 PM Hello all. For 2 years I am a small time trader in Bitcoins at LBC. Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins. Am I right that the word ¨Altcoins¨ stands for all other crypto currencies? So, Litecoin is an Altcoin ? I downloaded Litecoin Core and installed it. After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨. Once synced can I use this wallet more or less the way Electrum works? Yes, generally speaking any coin besides BTC is an altcoin, so yes LTC is an altcoin. I think you can, I've never had the patience to use core wallets I think you can understand why. But I think with the core wallet some things will be a little different such as choosing a fee and stuff like that. But in all forms of sending/receiving etc its completely the same. Title: Re: Litecoin Core Question Post by: journeyman12 on February 03, 2018, 02:28:05 PM Thank you, Moonisblue !
Title: Re: Litecoin Core Question Post by: Alexander_Z on February 03, 2018, 07:05:14 PM Hello all. For 2 years I am a small time trader in Bitcoins at LBC. Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins. Am I right that the word ¨Altcoins¨ stands for all other crypto currencies? So, Litecoin is an Altcoin ? I downloaded Litecoin Core and installed it. After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨. Once synced can I use this wallet more or less the way Electrum works? There is a fork of Electrum for Litecoin, Electrum-LTC: https://electrum-ltc.org/ (https://electrum-ltc.org/). I have no personal experience with it, but looks like it is used by many without issues. Title: Re: Litecoin Core Question Post by: journeyman12 on February 03, 2018, 07:19:09 PM Thank you Alexander.
Will go and take a look at it. Title: Re: Litecoin Core Question Post by: TannerLCC on February 03, 2018, 08:51:44 PM Just to add a vote for electrum-ltc.
(However as a side note, be wary of other non BTC/LTC/DOGE electrum wallets; just because an electrum wallet appears for a new BTC fork or alt, doesn't mean it's trustworthy. I don't recall which BTC fork, but one of the high profile sadly had an issue with a compromised electrum wallet being available.) Title: Re: Litecoin Core Question Post by: journeyman12 on February 07, 2018, 05:53:40 AM Hello all. For 2 years I am a small time trader in Bitcoins at LBC. Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins. Am I right that the word ¨Altcoins¨ stands for all other crypto currencies? So, Litecoin is an Altcoin ? I downloaded Litecoin Core and installed it. After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨. Once synced can I use this wallet more or less the way Electrum works? Yes, generally speaking any coin besides BTC is an altcoin, so yes LTC is an altcoin. I think you can, I've never had the patience to use core wallets I think you can understand why. But I think with the core wallet some things will be a little different such as choosing a fee and stuff like that. But in all forms of sending/receiving etc its completely the same. Thank you, MoonIsBlue. What prog/wallet do you use to send and receive LTC ? |