- https://litecoin.com/
- litecoin on Reddit
- Currency symbols: LTC or XLT
- Direct fork of Bitcoin and thus similar to Bitcoin
- full compatibility with the Bitcoin API
Litecoind— litecoin daemon- Experimental digital currency that enables instant payments
- Litecoin Core is the name of an open source project that enables the use of Litecoin currency
- Tags are created regularly to indicate new official, stable release versions of Litecoin Core.
- Advantages over Bitcoin
- faster payment transaction confirmation
- lower transaction costs
- P2SH stands for "Pay to script hash"
- Segregated Witness accounts and multisig accounts use these addresses
- Litecoin changes the format of some of its addresses
- 3-addresses are deprecated for the possible confusion with Bitcoin’s P2SH addresses
- The benefit is that you cannot accidentally send litecoins to a Bitcoin address anymore, and vice versa.
- Instead of beginning with a "3", Litecoin’s P2SH addresses will start with the letter "M".
- 3- and M- addresses are freely convertible
- L-addresses are non-P2SH (non-SegWit) addresses and they remain unchanged (Legacy Litecoin accounts)
- L addresses will always contain non-segwit coins while M addresses will always contain segwit coins.
- Only M addresses use segwit
- might take an extended period of time until all vendors, services, merchants, etc. will adjust to this change
- Some services continue to accept sending transactions to 3-addresses only, while others give you M-addresses and sends only to M-addresses
- P2SH Converter
- Units
- BTC is LTC - Litecoins
- mBTC is lites - Lites (1 / 1000)
- uBTC is photons - Photons (1 / 1000000)