Private key generation of token address

1. Litecoin (LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world< What's the difference between lightcoin and bitcoin:
1. Transaction:
it's easier to use, larger in volume and greater in appreciation potential. The block confirmation time is shorter, which is four times faster than bitcoin. For example, pizza owners are more willing to accept LTC payment to save transaction time< mining:
special algorithm creates the unique charm of LTC, which is also the key to stand out from Shanzhai coins. Scrypt algorithm uses sha256 as its subroutine, and scrypt itself needs a lot of memory, each hash is used as the input seed, and then needs a lot of memory to store another seed pseudo-random sequence, Generate pseudo-random points of sequence and output hash value. The key is that scrypt algorithm needs a lot of memory while sha256 algorithm does not. So in this era when BTC mining of graphics card is coming to an end, LTC mining is about to usher in a golden period of development. Because of the high cost of memory, any ASIC or FPGA has no advantage over graphics card mining. LTC has advantages, at least in the foreseeable future
3. The biggest threat of bitcoin is 51% attack:
some shanzhais are killed by 51% attack. To be honest, LTC is a worry for the development of LTC and BTC, of course. However, the specific problems they face are different: BTC can avoid 51% attack through technology upgrading (such as end block reconstruction, careful node upgrading, and calculation difficulty), However, there is no way to evade LTC technology. However, e to the scattered computing power of graphics card mining and the increasing difficulty, this problem needs to be paid attention to, but don't worry too much. With the use of ASIC in BTC, the risk of 51% attack is increasing. I hope BTC development team can solve this problem as soon as possible.

2. What do you mean by giving a lettercoin address? There are too many addresses generated automatically. If you want others to give you some, you'd better save it!

3. You download the lightcoin client, it automatically generates one, you can choose to create multiple. There is no limit to the number of wallet addresses. If you don't have a wallet address, you can't be transferred. However, I suggest you register an online lightcoin wallet, which is more convenient and safe to use. Online wallet technology is quite mature. Of course, if you are a tech nerd, it is recommended that you download the client, which is more secure, but remember to back up.

4. I remember that the book said that if a new address is generated, the old address can also be used. Is it for security or something? I forgot to generate a new address.

5.

The private key of bitcoin wallet cannot be viewed online. Bitcoin exists on the platform. To download core or classic is the real wallet, and then you can view it

[description of private key of bitcoin wallet]:

1. Wallet encryption refers to automatically encrypting and storing the wallet with private key. The official bitcoin client supports wallet encryption since version 0.4.0. The encrypted wallet will prompt you to enter your password every time you pay. If the password is wrong, the client will refuse to pay

2. If you replace it with the earliest backup wallet (wallet. DAT), you can still trade normally. Considering the principle of bitcoin, it can be concluded that as long as there is a private key (wallet), you can prove that you are the legitimate owner of the wallet. No matter whether you encrypt or delete the wallet (the core is the private key corresponding to an address), you can't deny it

3. When backing up the bitcoin wallet, you should also pay attention to the existence of bitcoin payment change mechanism (for example, if you send 50 BTC in a complete 100 BTC to an address, the system will send 50 BTC to the other party's address, and return 50 BTC to a new address of your client, which will not be directly displayed in your address list)

4. After sending bitcoin to other addresses 100 times or using 100 different addresses to receive bitcoin, please back up your wallet again, otherwise the returned and received bitcoin will be lost forever. In addition to encrypting wallets, users can also generate offline paper wallets and brain wallets

6. The private key is a confidential block of data that, through an encrypted signature, proves that you have the right to spend bitcoin from a specific bitcoin address. Each bitcoin address has its own unique private key. If you are using wallet software, your private key is stored in your computer; If you are using an online wallet, your private key is stored on a remote server; The private key can't be disclosed, because with it, you can spend the bitcoin in its corresponding bitcoin address--- Token network forum.

7. A string of generated encryption keys

8. Hello, miner

9. Just the wallet.dat file. For fear of theft, back up this file to other places, and then delete it. Never back up first

10. Select the export private key in the settings, and then select the export folder