For 2 years I am a small time trader in Bitcoins at LBC.
Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins.
Am I right that the word ¨Altcoins¨ stands for all other crypto currencies?
So, Litecoin is an Altcoin ?
I downloaded Litecoin Core and installed it.
After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨.
Once synced can I use this wallet more or less the way Electrum works?
Yes, generally speaking any coin besides BTC is an altcoin, so yes LTC is an altcoin. I think you can, I've never had the patience to use core wallets I think you can understand why. But I think with the core wallet some things will be a little different such as choosing a fee and stuff like that. But in all forms of sending/receiving etc its completely the same.
Thank you, MoonIsBlue.
What prog/wallet do you use to send and receive LTC ?