Is there a version of Electrum-LCC for Android?
Android is not currently supported. If you are looking for a mobile wallet, check out LoafWallet
Does Electrum-LCC support Segwit?
Support for native Segwit transactions is in the works. However, this is not needed for normal operation, even now that the Segwit soft fork has activated.
What is the Seed?
Electrum-LCC uses a 128-bit random seed to generate your private keys. The seed can be represented as a 12-word mnemonic code. You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper.
What is the gap limit?
The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. Electrum-LCC uses a gap limit to stop looking for addresses. This is set to 5 by default, so the client generates new addresses until 5 unused addresses are found.
What does it mean to "freeze" an address?
When you freeze an address, the funds in that address will not be used for sending litecoin cash. You cannot send litecoin cash if you don't have enough funds in non-frozen addresses.
What should I do with my old Litecoin Cash addresses and wallet when switching to Electrum-LCC?
The best way to switch to Electrum is to send all the litecoin cash you have on your old wallet to one of the addresses on your Electrum wallet. This way you'll have all your litecoin cash secured with your seed. Older versions of Electrum could import private keys from another client, but then you had to backup those keys separately, as they could not be restored by the Electrum seed.
Where is my wallet file located?
A default wallet file called default_wallet
is created under the /wallets
folder when you first run the application. On Windows, this folder is located in \Users\YourUserName\AppData\Roaming\Local\Electrum-LCC
. On all other operating systems, it is located in ~/.electrum-lcc
What is a blockchain?
A blockchain is a long record of every single transaction ever made. Each litecoin cash traded for a good or service is marked on the ledger with a transaction id and the origination and target wallet addresses.