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Author Topic: Identical multisig addresses for bitcoin and litecoin?  (Read 808 times)
TupambaeNet (OP)
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May 26, 2015, 08:44:59 AM
 #1

Just posted in the wrong forum the following "problem" I found.
https://bitcointalk.org/index.php?topic=1070161.0

Hi there,
I did some test with the multisignature possibilities that offers electrum and how it works. I also did the same with litecoin and managed to create the same multisignature addresses with the same seeds in electrum 2.2 for bitcoin and electrum-ltc 2.1.1.1 for litecoin.

I never expected to create actually the same address for both currencys.
Is this expected to happen?

As for I know litecoin normal addresses start with an "L" and using the same creation process as I did know I created electrum wallets for both but never had similar addresses.

37hfmnYA8itexteYdHNNKyLGU1PUZmKnPQ

https://tupambae.net/photo/995d165d30891d5098dbcbca059903e1-0.jpg

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May 26, 2015, 11:22:48 AM
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Just posted in the wrong forum the following "problem" I found.
This is not a problem.

Quote
Is this expected to happen?
Yes.
luv2drnkbr
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May 26, 2015, 11:46:27 AM
 #3

The private and public keys, and addresses, in Litecoin are exactly the same as they are in Bitcoin.  The address just starts with a different prefix byte.  But under the hood, it's exactly the same.  It's only the mining that's different -- using scrypt instead of sha256, and having blocks come 4x faster.  The public/private keys, and if Litecoin is using P2SH now too, all work exactly the same.

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