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Electrum ltc legacy to trezor
Electrum ltc legacy to trezor











electrum ltc legacy to trezor electrum ltc legacy to trezor
  1. #Electrum ltc legacy to trezor how to
  2. #Electrum ltc legacy to trezor upgrade

On all other operating systems, it is located in ~/.electrum-ltc.Ī blockchain is a long record of every single transaction ever made. The wallet is a bit hard to manage if youre just. On Windows, this folder is located in \Users\YourUserName\AppData\Roaming\Local\Electrum-LTC. Electrum is an open source Bitcoin-only desktop wallet that supports both legacy and Segwit transactions. Older versions of Electrum could import private keys from another client, but then you had to backup those keys separately, as they could not be restored by the Electrum seed.Ī default wallet file called default_wallet is created under the /wallets folder when you first run the application. This way you'll have all your litecoins secured with your seed. The best way to switch to Electrum is to send all the litecoins you have on your old wallet to one of the addresses on your Electrum wallet. I have my ltc stored in electrum and I have just got a trezor to use the Press J to jump to the feed. What should I do with my old Litecoin addresses and wallet when switching to Electrum-LTC? How do I derive using the BIP39 I tried, and I ended up with addresses that start with L. I also have the P2H equivalent for my address (Starts with 3). I got my Segwit account for LTC (Address starts with M). You cannot send litecoins if you don't have enough funds in non-frozen addresses. 1 So I'm trying to get my head around this I've got my 24 seed for my Trezor. When you freeze an address, the funds in that address will not be used for sending litecoins. You may be making money in the Crypto world but it is good to know a bit of tech that. What does it mean to "freeze" an address? I am trying to help all those folks who are confused about this topic. This is set to 5 by default, so the client generates new addresses until 5 unused addresses are found. Electrum-LTC uses a gap limit to stop looking for addresses. The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. This creates a fix to several issues with the Bitcoin protocol and also allows for more transactions to fit within a 1mb block.

#Electrum ltc legacy to trezor upgrade

You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper. Segwit is an upgrade to the Bitcoin protocol that separates the digital signature (also known as the witness) form the transaction. The seed can be represented as a 12-word mnemonic code. However, this is not needed for normal operation, even now that the Segwit soft fork has activated.Įlectrum-LTC uses a 128-bit random seed to generate your private keys.

#Electrum ltc legacy to trezor how to

Watch this video to learn how to use it with your Trezor Wallet. Support for native Segwit transactions is in the works. 3.4K views 5 years ago Electrum 3.0 and above now have Segwit Support. If you are looking for a mobile wallet, check out LoafWallet, Jaxx or Coinomi. Is there a version of Electrum-LTC for Android?Īndroid is not currently supported.













Electrum ltc legacy to trezor