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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1459693 times)
jtalk
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April 21, 2018, 07:43:28 AM
 #6001

Of course this change in plan by joining TenX and Korbit which replace the need of litepay. Litcoin is gradually keep climbing upwards and consecutively updates are being released to keep the momentum up. LTC can jump two ranks from here on marketcap in coming months with all the stuff being developed.


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simongoat
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April 21, 2018, 07:47:45 AM
 #6002

Does litecoin support Segwit addresses? I'm using the nano ledger to store mine and I tried sending some from an exchange to my ledger litecoin segwit address but it wouldn't because it was an unrecognised format. Can anyone help?

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April 21, 2018, 08:06:00 AM
 #6003

Yep, Litecoin support Segwit address fully and also lightning network. In fact, Segwit was tested on LTC first and then on BTC network. This is response for your first question whereas support for ledger hardware wallet that I don't have any knowledge as didn't use that. I saw there was some balance showing problem with ledger wallet couple of days ago. Current status I don't know yet.
xianwei82
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April 22, 2018, 09:14:22 AM
 #6004

Litecoin this coin has been following BTC's great route, so if BTC is soaring, LTC can still lie in ambush before it pulls up.
Searing
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April 22, 2018, 07:45:36 PM
 #6005

Yep, Litecoin support Segwit address fully and also lightning network. In fact, Segwit was tested on LTC first and then on BTC network. This is response for your first question whereas support for ledger hardware wallet that I don't have any knowledge as didn't use that. I saw there was some balance showing problem with ledger wallet couple of days ago. Current status I don't know yet.

Anyone know of how LTC's 'scaling down of fees" is going to work in comparison to bitcoin cash hard fork and such? Supposedly, from the BCH hype (dubious) it costs

less for fees with BCH now then LTC, but I thought that LTC was going to have an update to also further knock their fees down quite a bit?

Anyone here want to catch me up on this warfare of fees?

thanks

brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
zahidmoon
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April 22, 2018, 09:28:41 PM
 #6006

Yep, Litecoin support Segwit address fully and also lightning network. In fact, Segwit was tested on LTC first and then on BTC network. This is response for your first question whereas support for ledger hardware wallet that I don't have any knowledge as didn't use that. I saw there was some balance showing problem with ledger wallet couple of days ago. Current status I don't know yet.

Anyone know of how LTC's 'scaling down of fees" is going to work in comparison to bitcoin cash hard fork and such? Supposedly, from the BCH hype (dubious) it costs

less for fees with BCH now then LTC, but I thought that LTC was going to have an update to also further knock their fees down quite a bit?

Anyone here want to catch me up on this warfare of fees?

thanks

brad

i think you should read this
https://www.investinblockchain.com/lightning-network-bitcoin-scaling/
right now the most expensive transaction is bitcoin transaction but lite coin probably 3 cent fee on a $2000 transaction
also check this reddit post https://www.reddit.com/r/litecoin/comments/7oiqwx/ltc_faster_and_cheaper_to_transfer/
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April 22, 2018, 09:55:19 PM
 #6007

Yep, Litecoin support Segwit address fully and also lightning network. In fact, Segwit was tested on LTC first and then on BTC network. This is response for your first question whereas support for ledger hardware wallet that I don't have any knowledge as didn't use that. I saw there was some balance showing problem with ledger wallet couple of days ago. Current status I don't know yet.

Anyone know of how LTC's 'scaling down of fees" is going to work in comparison to bitcoin cash hard fork and such? Supposedly, from the BCH hype (dubious) it costs

less for fees with BCH now then LTC, but I thought that LTC was going to have an update to also further knock their fees down quite a bit?

Anyone here want to catch me up on this warfare of fees?

thanks

brad

i think you should read this
https://www.investinblockchain.com/lightning-network-bitcoin-scaling/
right now the most expensive transaction is bitcoin transaction but lite coin probably 3 cent fee on a $2000 transaction
also check this reddit post https://www.reddit.com/r/litecoin/comments/7oiqwx/ltc_faster_and_cheaper_to_transfer/

All right, anyone want to chime in with wtf BTC is yelling about as being less fees than LTC? I assume this is BCH hype...until such point as the above
is put in completely for the LTC modifications for less fees?

ie BCH is jumping on this 'temporary' situation?

(I should look myself, but always get lost in the weeds on this kinda thing...so figured I'd punt again)


Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
globus_mipa
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April 22, 2018, 10:11:30 PM
 #6008

this is a completely innovative product
Totscha
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April 23, 2018, 07:30:31 AM
 #6009

Does litecoin support Segwit addresses? I'm using the nano ledger to store mine and I tried sending some from an exchange to my ledger litecoin segwit address but it wouldn't because it was an unrecognised format. Can anyone help?

It does, but your exchange probably doesn't support the new M type address (starts with M) that Leger uses.

What you need to do is to convert the M type address to the old legacy 3 type address.

Some background:

At the start Litecoin used the same 3 preffix for multisig addresses as Bitcoin. It was later decided to use a different prefix, so we can tell if a multisig address is for BTC or LTC. Both addresses (3 or M) have the same private key, so they are basically the same address. Their public keys (address) look completely different because of the different prefix (3 or M). You need to use a convert tool. Don't just replace M with 3!

https://litecoin-project.github.io/p2sh-convert/

In any case, try your first transaction with some change you don't care about Wink
Jantapw
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April 23, 2018, 10:03:48 PM
 #6010

I dont have the latest version of litecoin core walllet, is it a problem to transfer litecoin to another litecoin wallet?
akai
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April 24, 2018, 05:39:21 AM
 #6011

Litecoin this coin has been following BTC's great route, so if BTC is soaring, LTC can still lie in ambush before it pulls up.
LTC has always been the mainstream of the market, and there is no reason why it should not go up. You simply have to hold it.The other thing to say is that LTC 2019 is going to cut production.
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April 24, 2018, 05:54:46 AM
 #6012

I dont have the latest version of litecoin core walllet, is it a problem to transfer litecoin to another litecoin wallet?

Here's a crazy idea. Get the latest version and not worry about it Wink

Backup the wallet.dat file before just in case Smiley
btcyoda
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April 24, 2018, 05:58:14 AM
 #6013

Of course this change in plan by joining TenX and Korbit which replace the need of litepay. Litcoin is gradually keep climbing upwards and consecutively updates are being released to keep the momentum up. LTC can jump two ranks from here on marketcap in coming months with all the stuff being developed.

Yes, there are huge changes in the market the price of Litecoin will jump higher value but now it is not possible to move upwards and still, there is plenty of time to increase, just now Bitcoin price kept increasing in the market.
zahidmoon
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April 24, 2018, 06:45:09 AM
 #6014

Of course this change in plan by joining TenX and Korbit which replace the need of litepay. Litcoin is gradually keep climbing upwards and consecutively updates are being released to keep the momentum up. LTC can jump two ranks from here on marketcap in coming months with all the stuff being developed.

Yes, there are huge changes in the market the price of Litecoin will jump higher value but now it is not possible to move upwards and still, there is plenty of time to increase, just now Bitcoin price kept increasing in the market.
lite coin price is increasing day by day 160$ todays value of litecoin in the market
i think not only bitcoin value is increasing in the market right now
many coin and tokens are increasing rapidly
i think lite coin will touch its all time again in this year
Searing
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April 24, 2018, 08:02:47 PM
 #6015


Well, my NEW data hall rates, from 12c kWh to 14c kWh are in place...my home rate is 13c kWh ...*but usually the elec company raises it every year in the summer by 1c kwh, all

them pesky solar folk driving up my costs, don't ya know ..(yeah really that is their excuse)...

I'm paying probably 2c more than I should...but not sure anymore, I've heard that all the data halls are raising prices and going month to month so they can raise prices quickly

should the price pump I assume

I'm month to month but 14c kWh is 90% likely baring a catastrophe if I last next summer

anyway, my rates suck...but to my point
, m
essentially, with the equipment I have not for a total of 8,000mh, including dubious recent 6 bitmain miners (got out of the other 6 miners, mainly due to the $642 batch price and donated

all my coupons) and even with the hash rate vs difficulty before

at my 10c kWh rate and less hash, 5000mh....it all has been 'hovering' the last 6 weeks or more at just over $2 per day per L3+....never seems to go down or up or anything

it is like a stuck steam gauge...you know the pressure is building...but it just sits at around a $2 number...

it is almost magical with the above whenever I looked...yep $2 a day for past 2 months ...$2 a day due to price of LTC sucking....$2 a day vs all the equip in the world...

now under my new current 14c kWh and the price pump of LTC I looked at it below

and 'yippie skippy!' I'm up saying 25c or more! yea! per day on an L3+ at 500mh and 800 watts at $80 buck a month rate per L3+ flat rate in the data hall


24 hours   0.03031851 LTC   5.00 USD   2.69 USD   2.31 USD
7 days   0.21222956 LTC   34.98 USD   18.82 USD   16.16 USD
30 days   0.90955525 LTC   149.89 USD   80.64 USD   69.25 USD

It is amazing to me how as the price goes and the difficulty seems to wipe out any gains in price..the equipment of scrypt-pow is being quite the leveler of price on mining

thus if the trend continues ...we could see $200 LTC and STILL be looking at a little over $2 bucks a day for (in my case anyway) LTC prices

this is hardly encouraging....anyway you take your bets ..my bet was a hedge on sideways price and a dump back to say 6.8k BTC and the corresponding 100 buck LTC

I can't really bitch if everything I own, except this 6 miner hedge....is pumping...I'm way, way ahead

anyway, how I'm looking at this stuff now....price vs the diff rises...can it stay above $2 a day and when does either the price break sideways and difficulty continues

to go up to break below $2 a day...or does price rise much faster to make these 6 miners a good bet? (crap, what would that be 400 BTC next week?)

the correlation above seems a damn solid 'coincidence' (doubtful) just saying with all my dubious hedge maneuvers...perhaps I should be happy that I'm even

treading water at the $2 a day price

so * with the newbies now again* *flashback to dump choices as a newbie of 2013* my only hope is PUMP, PUMP, PUMP

(and of course, take an ASIC vow of chastity and not buy any frigging more Bitmain units with crypto ...even if it is dubious alt coins)

live an learn, reliving my youthful newbie miner days on the same damn bets then ....damn, I should know better ...the newbie kool-aide from back in 2013 is strong

it seems...comes back and catches you on a weak moment like recurring bouts of malaria it seems...(good to know and watch for I guess)





Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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April 25, 2018, 11:14:19 AM
 #6016

One of the strongest coins in the past 2 months has been the chosen one, the Neo. It has a very strong fundamentals, great team working behind it and a huge growth potential in the coming years. While most coins have been struggling during the recent correction, Neo felt strong and even gained against the Bitcoin.
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April 25, 2018, 11:31:05 AM
 #6017

Neo has no history. This is a young coin. We will judge her in a couple of years. Now we choose what to invest in and in a few years we will know who made the right investment and who lost the finances. Litecoin has a story. This is a coin for payments. because it will develop
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April 25, 2018, 11:34:15 AM
 #6018

Here it is interesting to me, with all growth of the market what price can be expected at the best with a current of circumstances. I think it there will be a big pump in very fast future.  Smiley

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April 25, 2018, 11:42:33 AM
Merited by V1saya (1)
 #6019

One of the strongest coins in the past 2 months has been the chosen one, the Neo. It has a very strong fundamentals, great team working behind it and a huge growth potential in the coming years. While most coins have been struggling during the recent correction, Neo felt strong and even gained against the Bitcoin.

1. NEO is not a cryptocurrency. It's a smart contract platform similar to Ethereum.

2. Comparing projects only on the basis of the price movement is seriously weak...

3. This is a Litecoin thread. Shill your favorite project somewhere else. This is not the place for it.
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April 26, 2018, 05:09:39 AM
 #6020

One of the strongest coins in the past 2 months has been the chosen one, the Neo. It has a very strong fundamentals, great team working behind it and a huge growth potential in the coming years. While most coins have been struggling during the recent correction, Neo felt strong and even gained against the Bitcoin.

1. NEO is not a cryptocurrency. It's a smart contract platform similar to Ethereum.

2. Comparing projects only on the basis of the price movement is seriously weak...

3. This is a Litecoin thread. Shill your favorite project somewhere else. This is not the place for it.

NEO is still alive with huge volume because of Chinese people behind it. Chinese mainland is blocking crypto currencies so I guess NEO needs to grow globally because China won't allow it.

Litecoin is still bitcoin's silver though. Grin
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