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Desktop or Mobile Wallet
If you have a small number of coins and you want easy and quick access to them, it is best to use a desktop or mobile wallet (software wallets). These are great as they do not take up much space on your computer or mobile, and they are reasonably secure.

What is Litecoin: desktop wallet Exodus.

With these software wallets, you are the only person that has access to your private keys. Not even the development team of the wallet can see them.

You can also set up recovery options on your software wallet. So, if you forget your password or your computer breaks, you can still get access to your coins.

Private Key: Think of this as the password to your bank account — this is used to access your wallet.
Public Key: Think of this as the username to your bank account — this is used to send/receive coins in your wallet.
There are lots of different software wallets to choose from, with Exodus being one of the more popular picks.

Hardware Wallets
In the real world, you wouldn’t want to store your life savings in your leather wallet, would you? This is the same when storing your Litecoin!

The safest way to hold your coins is to use a hardware wallet. This is the cryptocurrency equivalent of a vault!

Hardware wallets allow you to store your coins offline, meaning that they are never connected to the internet. Although it is less convenient if you need to send or receive your coins quickly, it is the safest option.

The most popular of these is Ledger Nano S. Even though hardware wallets come with a price, you have to consider the importance of security, especially if you hold lots of coins.

Ledger Nano S also allows you to view your recovery password on the screen. By writing this down and storing it somewhere safe, you can regain access to your Litecoin if somebody stole the hardware device.

What is Litecoin: hardware wallet Ledger Nano S.

If you have read our “what is Litecoin?” guide so far, you should now know what it is, how the technology works and how to safely store it!



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Overall, the purpose of the PoW is to prove, in a cryptographically secure way, that a particular amount of computation has been expended to generate some output (i.e. the nonce). This is because there is no better way to find a nonce that is below the required threshold other than to enumerate all the possibilities. The outputs of repeatedly applying the hash function have a uniform distribution, and so we can be assured that, on average, the time needed to find such a nonce depends on the difficulty threshold. The higher the difficulty, the longer it takes to solve for the nonce. In this way, the PoW algorithm gives meaning to the concept of difficulty, which is used to enforce blockchain security.Accounts that only store ETH – these are similar to Bitcoin addresses and are sometimes known as Externally Owned Accounts (EOAs). You make payments from these accounts by signing transactions with the appropriate private key.hashrate bitcoin bitcoin гарант blocks bitcoin bitcoin bcc in bitcoin accepts bitcoin se*****256k1 bitcoin bitcoin trade bitcoin поиск bitcoin future bitcoin foto GETTYblocks bitcoin bitcoin 100 bitcoin зарегистрировать ethereum course ethereum news bitcoin p2p bitcoin difficulty

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