litecoin Archives - Coin Guides

Scrypt coins – List of cryptocurrencies using scrypt hashing algorithm

coinguides — Mon, 11 Jan 2021 11:11:34 +0000

Out of the top 5 cryptocurrencies by market cap 3 are mineable coins. Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). All three operate within the proof-of-work consensus mechanism. However they all use different hashing algorithms. Bitcoin uses SHA-256 hash function and Ethereum currently uses Ethash Proof of Work hashing algorithm. In the near future Ethereum will …

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How to verify Electrum signature? Check if your electrum wallet is legit

coinguides — Sat, 31 Oct 2020 06:48:45 +0000

Electrum is one of the most popular Bitcoin wallet that is available for Windows, Mac, Linux and Android. It is safe, fast and simple to use. Anybody can download the wallet and start using it right away. Moreover the wallet is open source. This is one reason why more number of users trust and use …

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BIP39 Wallets – List of wallets that support BIP39 mnemonic seed phrase

coinguides — Mon, 26 Oct 2020 06:46:00 +0000

In this article we’ll share the list of concurrency wallets (both hardware and software) that supports BIP39 standard or BIP39 mnemonic recover seed phrase. To store your Bitcoins you basically need a wallet app. You can download a software wallet to your PC, smart phone or you can get yourself a hardware wallet. Most of …

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Bitcoin address changed – Why my wallet’s BTC address keep changing?

coinguides — Sat, 27 Jun 2020 06:38:46 +0000

Has your Bitcoin address changed? When sending / receiving Bitcoin or while just checking the account page of your online wallet you might have observed this. The Bitcoin address currently displayed is different from the one you’ve used in the past. If you are just getting started with Bitcoin then it may seem quite scary …

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Mineable vs Non-Mineable coins in cryptocurrency – All you need to know

coinguides — Tue, 23 Apr 2019 11:39:17 +0000

What’s so revolutionary about cryptocurrency is that the way money is created and the way the transactions are carried out. Decentralization is the core idea that sets cryptocurrencies apart from the traditional fiat money. No central entity can control the system. Coins are created through the process called mining and all transactions are verified by …

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Coinomi desktop wallet review & beginners guide to wallet setup / usage

coinguides — Sat, 06 Apr 2019 13:15:23 +0000

We’ve seen many users particularly beginners storing their cryptocurrencies on an exchange platform. Not just for trading but they do hold a large amount of their crypto assets for a long period of time. It is mainly because exchanges offers an easy way of storing, managing and exchanging multiple cryptocurrencies. Once you have an exchange …

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What are Block Rewards? How Bitcoin mining block rewards work?

coinguides — Mon, 25 Mar 2019 14:46:10 +0000

Previously on Coin Guides we’ve explained Bitcoin confirmations, Bitcoin mempool, Block height, transaction hash ID and many others. Here in this article we’re going to explain what a Block reward is and how the Bitcoin miners are rewarded for finding a block? This post applies not only to Bitcoin but any crypto currencies that are …

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How to backup electrum wallet – Backup Bitcoin electrum wallet

coinguides — Fri, 22 Mar 2019 09:51:40 +0000

System malfunction, hardware failures and data theft can occur anytime. If you are storing Bitcoins in your PC or Laptop then it is very important that you backup your wallets. Previously we’ve made a guide on core wallet backup. Also we’ve explained how to backup Monero wallet. Recently one of user asked us how do …

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Transaction Hash ID (TXID) – What is it & how to find the transaction ID

coinguides — Tue, 13 Nov 2018 15:18:55 +0000

Have you just made a payment and the recipient is asking for the “transaction hash”? Whether you pay in Bitcoin, Ethereum, Litecoin or Monero; often times the merchant will ask you for the hash or the transaction ID as a proof of payment. There are other scenarios as well where a third party wallet service …

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How to backup core wallet and how to replace wallet.dat backup file

coinguides — Mon, 12 Nov 2018 12:32:44 +0000

We were recently contacted by a user who informed us that their hard disk got corrupt and as a result they can’t access their wallets anymore. But fortunately they had several copy of wallet.dat file. So we advised them to install latest version wallet in another machine and import the original wallet.dat to new wallet …

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