Using Electrum LTC Wallet In The Upcoming Electrum Fork

Vashyron

newbie

Activity: 28

Merit: 0

Quote from: HCP on February 16, 2018, 06:24:51 PM

simply create a new Electrum-LTC wallet, move all your coins to that AFTER the fork, then use the private keys from the original wallet to claim the LitecoinCash.

That way, you only need to move your LTC once... and as an added bonus, you don't need to use Exodus Tongue

Thanks for the tip! I never knew how to do the private key/transfer thing. I usually claim the new forked coins by just leaving them on the exchange. Since i'm using the Electrum wallet, it's really convenient not to have to use another client.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: kl4real on February 17, 2018, 02:32:39 PM

is the 12 word seed the same as the private key?

No.

Example of a seed:

Code:

december hurry bonus seek check click dirt eagle brain cereal cotton ring

Examples of a private keys:

Code:

5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF

Code:

L53fCHmQhbNp1B4JipfBtfeHZH7cAibzG9oK19XfiFzxHgAkz6JK

What is a Bitcoin Private Key, How to Use It, Keep it Safe!

kl4real

newbie

Activity: 12

Merit: 0

is the 12 word seed the same as the private key?

Quote from: HCP on February 16, 2018, 06:24:51 PM

Why would you need to move your coins around? Electrum-LTC (just like Electrum) gives you full access to your private keys...

On the "Addresses" tab (View -> Show Addresses), simply right click on the address you need/want the private key for... and select "Private Key" from the menu... easy!

Or are you saying that you can move the LTC to Exodus to put their LTC on a new private key, so they don't risk their LTC when claiming Litecoin Cash? If so, don't bother with Exodus... simply create a new Electrum-LTC wallet, move all your coins to that AFTER the fork, then use the private keys from the original wallet to claim the LitecoinCash.

That way, you only need to move your LTC once... and as an added bonus, you don't need to use Exodus Tongue

HCP

legendary

Activity: 2086

Merit: 4363

You don't need to have a 2nd install... Electrum allows a user to have multiple wallet files (You can even have multiple wallets open at the same time).

Simply go to: "File -> New\Restore" and create a new wallet... I'd suggest giving your wallets nice, clear, unique and descriptive names to help avoid confusion.

To re-open a wallet file after it has been closed, simply use "File -> Open"...

Note: By default, when you start Electrum, it will open the last wallet file that you had open (hence why it is a good idea to give them unique and descriptive names)

GlobalProtection

full member

Activity: 552

Merit: 110

HCP:

In order to keep a new download of ltc electrum from overwriting an old ltc electrum installation so that a person can have two ltc electrum wallets on their computer, what steps do you suggest?

Can you give an order of steps to perform the operation of having two ltc wallets with different private keys in them on one computer?

Thank you

HCP

legendary

Activity: 2086

Merit: 4363

Why would you need to move your coins around? Electrum-LTC (just like Electrum) gives you full access to your private keys...

On the "Addresses" tab (View -> Show Addresses), simply right click on the address you need/want the private key for... and select "Private Key" from the menu... easy!

Or are you saying that you can move the LTC to Exodus to put their LTC on a new private key, so they don't risk their LTC when claiming Litecoin Cash? If so, don't bother with Exodus... simply create a new Electrum-LTC wallet, move all your coins to that AFTER the fork, then use the private keys from the original wallet to claim the LitecoinCash.

That way, you only need to move your LTC once... and as an added bonus, you don't need to use Exodus Tongue

GlobalProtection

full member

Activity: 552

Merit: 110

There were some mistakes in my first post that I have corrected.

Here is an idea.

A person who is holding their litecoin in their electrum wallet, could transfer their litecoin from electrum to an exodus wallet and after the fork, they could transfer the litecoin back to their electrum wallet.

They would use the litecoin private key they get from their Exodus wallet to obtain their litecoin cash coins in the wallet that litecoin cash provides its users.

pooya87

legendary

Activity: 3472

Merit: 10611

since you said Electrum-ltc and litecoin is going to have a fork i am guessing what you had in mind was the Litecoin Cash fork of Litecoin.
in that case if you have your Litecoins in your Electrum-ltc wallet and you do have access to your private keys or seed and also if you have a balance before block #1,371,111 then you will have the 10x of that amount in Litecoin cash. you just have to find a way to access it through a different client.

as for the client, it will probably take a very long time or maybe never for an Electrum version of it to be released. they don't even have a full node client yet! there is no source code on their Github repo either.

here is the "reference" by the way: https://bitcointalksearch.org/topic/annlcc-litecoin-cash-sha256-ltc-fork-block-1371111-101-claim-ratio-2876538

HCP

legendary

Activity: 2086

Merit: 4363

Quote from: GlobalProtection on February 13, 2018, 02:24:03 AM

I have heard that there will be a fork from Electrum to Electrum Cash.

Please tell us if the Electrum LTC wallet will support the fork and how to prepare the wallet for the fork.

Also, can I get the private keys from my electrum LTC wallet? Is that possible? Is that explained somewhere?

Electrum = Bitcoin
ElectronCash = Bitcoin Cash
Electrum-LTC = Litecoin

You mention three different wallet applications for three different cryptocurrencies!!?! Huh

Exactly what fork are you referring to and do you have any references? Huh

GlobalProtection

full member

Activity: 552

Merit: 110

I have heard that there will be a fork from Litecoin to Litecoin Cash.

Please tell us if the Electrum LTC wallet will support the fork and how to prepare the wallet for the fork.

Also, can I get the private keys from my electrum LTC wallet? Is that possible? Is that explained somewhere?

Thank you.

Topic: Using Electrum LTC Wallet In The Upcoming Electrum Fork (Read 281 times)