2/29/2024 0 Comments Electrum ltc not connectedIn January 2021, Litecoin launched its Mimblewimble upgrade via the Mimblewimble Extension Block, or MWEB. Using a second-layer solution called OmniLite, users can build decentralized applications and smart contracts on the Litecoin network. Litecoin, in order to keep up with the DeFi times, has made it possible to build Litecoin smart contracts since the fall of 2021. It has also integrated a layer 2 scaling solution called the Lightning Network. but the electrum server you connect to may know a bit more about your account such as your change accounts.? Not sure there as i havent dug into them much, just trying to provide you with details.Litecoin also implemented several upgrades that were initially slated for deployment on the Bitcoin network, such as Segregated Witness (Segwit), with the aim of increasing its transaction throughput. Thats just a highlevel statement, and most of what you are doing is public information anyway, once it hits the chain. To answer your main question, electrum-ltc is safe as long as you are ok with the servers you connect to knowing what you are doing as they relay your transactions to the blockchain instead of your machine downloading the entire chain. For example, if you download the software via torrent, and the pgp matches whats on the electrum-ltc site then you can trust it is 100% the same, for even if one bit is off, the pgp will not match. In these cases i think its more of a verification to ensure the download is a complete 100% viable download with no mismatch or incomplete download - or to verify the software you may have downloaded elsewhere matches. If you're afraid the site has been hacked and the software for download modified/replaced, wouldnt the hackers also modify the checksum made available via the site? In this case, the pgp would verify as it would match what the hackers uploaded. if you know how to pgp verify and you already have the necessary software, then why not take the extra 10 seconds to verify? If you dont have it, and its a large learning curve, and you are not dealing with very much value (again depends on the person to say what is 'very much value' as 100.00 to some maybe nothing, but to others everything, or 1,000.00, you get the idea). its always a risk vs reward vs effort answer. Necessity always comes with a "depends" asterisk. All submissions related to your affiliation will be blacklisted if found to be spamming. When submitting a link to something with which you are affiliated, you must point it out in the title or body of your submission. After the first ad, providers are welcome to use reddit's advertising platform to continue to promote the service. Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service. Off-topic crypto discussion: /r/CryptoCurrencyĪNYTHING PRICE RELATED that isn't a news article: /r/LitecoinMarketsĭo not post methods to accept crypto/money/etc unless someone explicitly asks you. Report and downvote scams instead of just responding to them Curated list of Cryptocurrency and Exchanges.Run a Raspberry Pi Litecoin Full Node! A cheaper alternative to support the LTC network.Litecoin Foundation Store All proceeds go to the developers!.BTCPay - Free, self-hosted and fully open-source.Litecoin Foundation Hardware Wallet Shop.Official Paper Wallet Generator, liteaddress.Official Wallet - Litecoin Core - Use bootstrap.dat to sync quickly. Watch a quick litecoin video to learn more Visit the official litecoin website at Ĭontribute and learn more here r/Litecoin a discussion about the scrypt-based, open source, P2P digital currency
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