- 06.02.2020

Bitcoin sample address

bitcoin sample addressP2PKH or Legacy Address Format. If your bitcoin address starts with a 1, you're using a P2PKH or legacy address, for example. The most popular and trusted block explorer and crypto transaction search engine.

Bitcoin sample address

Litecoin Address Bitcoin sample address Help! This means that whether bitcoin sample address send LTC to the M- version or 3- version of the address, it is the same bitcoin sample address accessing the funds.

Bitcoin sample address

We use M-addresses to minimise risk of deposit error. If your exchange or wallet does NOT support M-addresses, please convert it and send to bitcoin sample address 3-address instead.

Bitcoin sample address

Normally, these address types are prefixed with the number "3", like on Bitcoin. Avoiding User Bitcoin sample address In bitcoin sample address to resolve this confusion, the Litecoin community developed a new address format that is prefixed with M, a format that would not be valid on Bitcoin.

Bitcoin sample address

The underlying private and public key pair are the same, but here hashing algorithm for displaying the public key is altered. This means that 3- bitcoin sample address M- addresses are both interchangeable for the purposes of movement bitcoin sample address funds on the Litecoin blockchain.

This simple change drastically reduces cases of erroneous cross-chain transfers.

Bitcoin sample address

We believe this strikes the right balance of supporting Segwit on the Litecoin network as the community wants, while minimising issues of wallet compatibility that Bech32 address format has. As a result, you may need to convert the M-prefix bitcoin sample address address on Crypto Facilities to a bitcoin sample address 3-prefix bitcoin sample address in order to transfer funds.

Bitcoin sample address

But you get a validation error saying this is not a real Litecoin address. As a result, bitcoin validate address withdrawal bitcoin sample address rejected.

Bitcoin sample address

To resolve this, all you have to do is convert this M-prefix address bitcoin sample bitcoin sample address its 3-prefix address. If bitcoin sample address send 1 LTC to the 3-address, it will be the same as if you send to the M-address, the underlying keys are the same.

Bitcoin sample address

The only difference is that bitcoin sample address wallets support only 3- and not M. If you find yourself in this situation, encourage your wallet provider or exchange to upgrade their Litecoin Core bitcoin sample address to the latest version and use the converter tool bitcoin sample address accomodate the transfer in the meantime.

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