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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1279515 times)
ivan376
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April 20, 2018, 02:45:34 PM
 #6021

I mistakenly sent LTC to BTC address Sad is there anything the LTC devs can do with this wrong transactions? Will it be rejected by the LTC blockchain because the transaction is erroneous? Please help... here's the TXID: ca46709a5ebc97d932423c41da78b4b047e43bff5e0e426d041cf5dfd6db9f85

The transaction is valid. But there is a chance to get the coins back if you are the owner of the BTC wallet.

If you have access to the private keys of the BTC address, then you can generally create the same private key for a LTC wallet and access your LTC.

The procedure is different depending on what that BTC address is (HW wallet, desktop wallet, exchange address, ...). Google has many answers Wink

If you don't own the BTC address, consider this an expensive lesson, sorry...

No...it's okay to comment such. Maybe an instance like this could help the LTC blockchain. Maybe the devs can create a program that if ever LTC will be sent to any other BTC/altcoin addresses (erroneous transaction) it will automatically comes back to the sender's wallet.

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April 20, 2018, 02:53:13 PM
 #6022

I mistakenly sent LTC to BTC address Sad is there anything the LTC devs can do with this wrong transactions? Will it be rejected by the LTC blockchain because the transaction is erroneous? Please help... here's the TXID: ca46709a5ebc97d932423c41da78b4b047e43bff5e0e426d041cf5dfd6db9f85

The transaction is valid. But there is a chance to get the coins back if you are the owner of the BTC wallet.

If you have access to the private keys of the BTC address, then you can generally create the same private key for a LTC wallet and access your LTC.

The procedure is different depending on what that BTC address is (HW wallet, desktop wallet, exchange address, ...). Google has many answers Wink

If you don't own the BTC address, consider this an expensive lesson, sorry...

No...it's okay to comment such. Maybe an instance like this could help the LTC blockchain. Maybe the devs can create a program that if ever LTC will be sent to any other BTC/altcoin addresses (erroneous transaction) it will automatically comes back to the sender's wallet.

They did provide a solution. It's called an M type address. It helps differentiate between LTC and BTC multisig addresses.

What you are talking about is not going to happen. It violates the basic principles of Litecoin. There is no Undo. It's kind of the whole point...

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April 20, 2018, 05:44:42 PM
 #6023

All other big coins have already rise significantly in last 2 days, so it won't take long before LTC will pump as well


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ivan376
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April 21, 2018, 02:09:38 AM
 #6024

I mistakenly sent LTC to BTC address Sad is there anything the LTC devs can do with this wrong transactions? Will it be rejected by the LTC blockchain because the transaction is erroneous? Please help... here's the TXID: ca46709a5ebc97d932423c41da78b4b047e43bff5e0e426d041cf5dfd6db9f85

The transaction is valid. But there is a chance to get the coins back if you are the owner of the BTC wallet.

If you have access to the private keys of the BTC address, then you can generally create the same private key for a LTC wallet and access your LTC.

The procedure is different depending on what that BTC address is (HW wallet, desktop wallet, exchange address, ...). Google has many answers Wink

If you don't own the BTC address, consider this an expensive lesson, sorry...

No...it's okay to comment such. Maybe an instance like this could help the LTC blockchain. Maybe the devs can create a program that if ever LTC will be sent to any other BTC/altcoin addresses (erroneous transaction) it will automatically comes back to the sender's wallet.

They did provide a solution. It's called an M type address. It helps differentiate between LTC and BTC multisig addresses.

What you are talking about is not going to happen. It violates the basic principles of Litecoin. There is no Undo. It's kind of the whole point...

And then what happened to he wrong sent LTC? Will it be gone forever? Will it be burned? If this the case so the total supply of LTC will be lessen every time erroneous transaction like this will happened.

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April 21, 2018, 02:17:17 AM
 #6025

Anyone having trouble with the daemon stopping?
I run a few of them at home so I can look at the block-chains - which also means I modify it a bit: I add 2 getblock functions.
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April 21, 2018, 02:18:11 AM
 #6026

im crying Wink just to see the posts from 2011 when legendary arguing each other for this coin. man... its only takes 6 years for becoming billionaire. I wish im here earlier Grin
There are still many opportunities here, many ICO that have been launched I think we just need to invest on some good project then hold. I prefer like to buy coin rather than token. Litecoin is one of my favorite coin beside Bitcoin, Ethereum and Dash.







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BayAreaCoins
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April 21, 2018, 02:42:02 AM
 #6027

If you owned Litecoin on May 12, 2014:  https://bitcointalk.org/index.php?topic=1177746.msg12397182#msg12397182

ivan376
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April 21, 2018, 03:51:22 AM
 #6028

I'm hoping for donations from the LTC devs about my lost LTC sent to BTC address...

TXID: ca46709a5ebc97d932423c41da78b4b047e43bff5e0e426d041cf5dfd6db9f85

LTC donation address: LaQRx8BZq66rjqo37oc7tHLZRhjNauGDKR

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April 21, 2018, 05:47:30 AM
 #6029

Honestly, Litecoin has really fast transaction speed. Today I make withdrawals at cryptox exchange, and it took around 5 minutes to finish. Proud of you, Charlie Lee.
Thanks for Lightning network.
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April 21, 2018, 05:54:25 AM
 #6030

I hope that Lightcoin will return to its historical highs faster than other coins, because it is an independent and strong coin

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April 21, 2018, 07:43:28 AM
 #6031

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
 #6032

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
 #6033

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.

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April 22, 2018, 09:14:22 AM
 #6034

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.

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April 22, 2018, 07:45:36 PM
 #6035

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














 

 

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zahidmoon
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April 22, 2018, 09:28:41 PM
 #6036

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
 #6037

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)















 

 

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globus_mipa
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April 22, 2018, 10:11:30 PM
 #6038

this is a completely innovative product
Totscha
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April 23, 2018, 07:30:31 AM
 #6039

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

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Jantapw
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April 23, 2018, 10:03:48 PM
 #6040

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