Blockchain wallet for litecoin
Find support across a growing number of Litecoin communities:. Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.
Up-to-date network statistics can be found at Litecoin Block Explorer Charts. Source code for Litecoin Core and related projects are available on GitHub. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments. Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years every , blocks. The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin. Hot wallets are recommended for use in transactions, trades and for assets that you would like to have frequent access to.
Much like its name implies, a desktop wallet is one that is accessed from and lives on a laptop or personal computer. These wallets can connect to the internet, but you can also view and manage them offline as well. Desktop wallets are often less prone to user error than mobile wallets due to the larger screen and easier readability of addresses.
One of the most common and convenient ways to store your coins is through a mobile wallet that can live on your smartphone. Mobile wallets utilize the QR code function to create fast and user-friendly transactions, and are convenient for smaller transactions such as buying coffee at a local restaurant. There are many different wallets made specifically for single coin use, but there are also a number of wallets that can hold multiple types of coins to best suit your needs.
Coinomi - Google Play. Another way to store your coins is through an online web wallet. Online web wallets are where you use a third party wallet to store all of your coins on the cloud.
These wallets must be accessed with an internet connection and provide custodianship of assets directly to the third party being leveraged to store assets. Some of the advanced security features enabled in online web wallets include things like multi-signature wallets. An arguably more advanced way to store assets is through a cold storage device which can hold your assets for you.
This physical device connects to your computer through a chord and most devices do not allow for private keys to interact with your hard drive or the internet. Much like mobile wallets, many people choose to use hardware wallets for their versatility and convenience.
Bitcoin Clients were the first type of wallets used on the blockchain. These wallets are what made and still make up the original core of the client.