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Are you tired of using Litecoin/Litecoin payment gateways and processors that require verification, signup for service or keep logs? Is easy, we don't ask you any personal data and you don't need to do any account. LitePay platform allows website owners, developers and merchants to accept Litecoin and Litecoin easily without the need of submitting any kind of identifiable personal information. Why to choose a Litecoin payment processor ? You could make a Litecoin payment for everything you want in just few minutes. We have a solution for that and offer such services with an emphasis on anonymity.
Public keys or Litecoin addresses function as the endpoint for receiving all payments. Addresses contain no information about their holder are generally anonymous. Manually-readable addresses are random 33-character long numbers and letters, always starting with 1, eg 175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W. Litecoin users can hold multiple addresses, and can actually generate new addresses without any practical limits, because generating a new address requires relatively little computational power, equivalent to generating a pair of public / private keys, and requires no contact with any node in the network. Any person participating in the Litecoin network has a wallet containing an arbitrary number of cryptographic key pairs. Creating one-time addresses helps maintain user anonymity.
In this way, Litecoin wallets can calculate the balances that can be spent and new transactions can be checked to involve Litecoins that are actually held by the payer. The block chain is a common public register on which the entire Litecoin network is based. The principles of the system are described in Satoshi Nakamoto's 2008 report. Litecoin uses the SHA-256 algorithm as a proof-of-work protocol. All confirmed transactions are included in the block chain. The integrity and chronological order of the block of chains are empowered by cryptography.
Since then there have been several rapid rises and declines in a matter of hours. They allow merchants to automate these payments and provide a host of other tools and reports to help make the whole process as convenient as possible. Litecoin payment processors facilitate the immediate transfer of Litecoin and other altcoins into fiat currency. This kind of volatility means that business enterprises of all sizes need to ensure that any payments received in Litecoin are quickly converted into fiat currency to avoid any potential losses.
Litecoin is one of the first implementations of the concept called cryptocurrency, first described in 1998 by Wei Dai on the Cyperpunk mailing list. Litecoins can be saved on a personal computer as a wallet or stored with a third-party wallet service, and in both cases Litecoins can be sent via the Internet to anyone with a Litecoin address. manipulate the value of Litecoin or introduce inflation by producing them. Peer-to-peer topology and the lack of a central service make it unfeasible as an authority, a government, etc. The construction of the Litecoin allows anonymous ownership and transfer.