360 lightcoin unknown security

1. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three advantages:
① lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation
② lightcoin network is expected to proce 84 million lightcoins, which is about four times the circulation of bitcoin network
③ in its workload proof algorithm, lightcoin uses scrypt encryption algorithm first proposed by Colin Percival, which makes it easier to mine lightcoin on ordinary computer than bitcoin
lightcoin is the most successful digital currency to imitate bitcoin. At present, major platforms support lightcoin transactions, including 58coin. It can be seen that lightcoin is comparable to bitcoin in terms of security and recognition.

2.

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< better use of digital currency trading platform coin exchange

data expansion:

lightcoin is inspired by bitcoin (BTC), and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol, and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places

3. I checked the qualification, Bao coin is a famous brand in China, Wright coin trading company, it should be safe.

4. Lightcoin itself is not a fraud, but there are a lot of people under the guise of lightcoin to carry out pyramid schemes. At present, lightcoin is second only to bitcoin in popularity and recognition, and has higher recognition in China. In addition to Wright coin, there are Ruitai coin, vitality coin, dog coin, ether coin and other excellent currencies.

5. Isn't this stuff as bullshit as bitcoin.

6. All virtual digital cryptocurrencies, like bitcoin, have consensus algorithms, but not all consensus algorithms are realized by mining. Lightcoin was obtained by mining. The security of the algorithm is still very high, but the security of the storage is related to the storage mode. The security of the cold wallet is the highest, followed by the hot wallet. The security of the platform, the exchange and the like wallet is general, and the difference is very big.

7. Keeping a backup of your wallet in a safe place can protect your wallet from computer failures and many human errors. If you encrypt your wallet, it can also be used to restore your wallet when your mobile phone or computer is stolen
back up your entire wallet
some bitcoin wallets use many hidden private keys inside. If you only back up the private key of the visible bitcoin address, most of the money may not be recovered from the backup
encrypt online backup
any online backup is easy to be stolen. Even a computer connected to the Internet is vulnerable to malware. Therefore, it is a good security habit to encrypt any backup exposed to the network
using multiple secure repositories
single point of failure is not concive to security. If your backup is not limited to only one place, it is less likely that something bad will happen and your wallet will not be restored. You can also consider using different storage media, such as USB flash disk, paper and CD-ROM.

8. Litecoin is the most potential counterfeit coin after bitcoin. Miners say that BTC is gold and LTC is silver. LTC introction: litecoin (LTC), released on October 7, 2011, is the most valuable counterfeit coin at present. Compared with BTC, LTC is faster, with an average of 2.5 minutes per block and 6 confirmations in 15 minutes. In addition, the number of LTC is four times that of BTC, and the total number is 8400w
lightcoin's most comprehensive wallet security strategy, backup and recovery methods lightcoin client is the core of the (LTC) lightcoin peer-to-peer network, and each client constitutes a strong and robust (LTC) lightcoin network. As a user, you can use the client to pay and collect money. First of all, the most important thing is to do a good job of wallet security protection, backup, encryption, recovery. Protecting your wallet is the top priority.

9. My friend asked me to help him operate, buy bitcoin, buy and sell cash. I think this kind of behavior is unscientific and unsafe. I think it's better to have a sense of security when such behavior occurs.

10. The process of changing usdt into CNY in okex exchange is quite simple. After you log in to the okex interface, you can select the legal currency to trade, and then select the currency as usdt to sell.