Review on Litecoin Core Client by Temitope Babatunde
Why You Can Enjoy Litecoin Core Client Wallet
Litecoin Core Client is an online wallet specially developed and designed by litecoin team. It was formerly named Litecoin - Qt, it doesn't have Android or ios mobile version but it is available to be use on windows, Linux and Mac operating system.
To use it one need at least 20 gigabytes of free HDD space on one's computer. Because of the use of Hierarchical Deterministic (HD), litecoin core use to synced with litecoin network on blockchain this makes the transaction one of the fastest in the market and due to segwit integration the fee is lower.
The HD option also generates multiple addresses so that one doesn't need to reuse the already used address, as a result it protect the user to a degree because it can not be trace, it also works well with Tor network.
It is also good to note that it is an open source wallet which means one has to keep the password and private key very well. The wallet also has behind it good customer support service.
Pros
- You have control over the private key of your wallet
- Because it constantly and regularly synchronize with the litecoin network, the transaction is faster
- It has a mesure of anonymity though not totally
Cons
- In order to continue to enjoy the service the user need to be regularly update the software which makes it uneconomical to manage.
- It is specifically made for litecoin.
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Comments (1)
May 06, 2020
Litecoin core client is inarguably the most popular full node client due to its numerous unique features.
Its functions are to store , send, receive litecoin and transactions history.
Although the user of litecoin core must download the full blockchain which could be time consuming and big. However, it proves to be more stable and high level security as the private key will be created and reside on your computer .
