Litecoin Forum

Litecoin => Litecoin discussion => Topic started by: AriannaCastellanos on October 28, 2014, 11:18:06 AM

Title: How to use a paper wallet for bitcoin/litecoin?
Post by: AriannaCastellanos on October 28, 2014, 11:18:06 AM
Crypt o-currencies such as Bit coin and Lite coin. Your bit coin or Lite coin address is the public keys of one of these pairs and a wallet can store the funds in a number of these keys. You can have a different set of keys for every transaction. What they encode in the key is a hash of the transactions. Your wallet is the private keys of every last one of keys your transactions are in. Nobody can approve the utilization of trusts in a key pair without marking the request with your private key.

                        A paper wallet is the point at which you print out the keys as a rule as QR-2 codes and erase the electronic duplicates. Sometimes, the private keys would be secured with a sticker or latex scratches off ink much like a scratch and win lottery. Truly, the main design is to prevent hackers from getting to your stores by breaking into your machine. In the event that you've gotten stores from somebody as a paper wallet, utilize a Bitcoin or Litecoin ( wallet that outputs the code and moves the quality into another code as there is no ensure that the paper wallet wasn't duplicated or captured by somebody before you got it...!!!