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      "body": "Lectrum is a popular software wallet that makes it easy to manage multiple bitcoin wallets in one stop. Here's how to create your own wallet using electrum 3.0.6 and introduce the relevant bitcoin knowledge at each step.\n\nBefore you start, download the software from the official Electrom website.\n\nThe first step Electrum will first ask if you have any special preference to use that server.\nTo know that the Bitcoin blockchain data is distributed on the miners' servers all over the world, basically any server running a full node has all the bitcoin wallet information. Only servers in different places may have different delays.\n\nUnless you have a strong reason: For example, you are a miner yourself, you want electrum to only look at your own miner; or you strongly believe in some miners, otherwise you can use Auto Connect.\n\n![](https://cdn.steemitimages.com/DQmYpNE6nkGoPrnAfwF34rbinHQZZTLVG9Xmq1mGSLC5RKy/image.png)\n\nStep 2 Create your wallet file\n\n![](https://cdn.steemitimages.com/DQmayrEhbPyYQhy7oombLqYnG5NkZTVVLZMFrTv8FYSnm91/image.png)\n\nStep 3 Which type of wallet do you want to create?\n1. The most common - without any special security features, this will be used in this tutorial.\n2. 2 Factor Authenticated wallet\n3. Multi-signature wallet\n4. Import Bitcoin addresses or private keys\n\n![](https://cdn.steemitimages.com/DQmVN4SgMZdE1T3GzwhEddiwhQQdLs263voWViKUYtt8XK8/image.png)\n\nPoints 2 and 3 should be explained together. In general, if you want to use the money in your wallet, you only need to sign it.\n\nMulti-Signature wallet can be imagined as a joint account. You have a wallet with your wife. To use this wallet, you must sign it with your wife to send a valid transaction.\n\nElectrum's 2 Factor Authenticated wallet is actually a multi-signature wallet. This wallet must have two people signing a transaction at the same time to take effect. One is you and the other is TrustedCoin.\n\n2 Factor Authentication (2FA)'s two factors are Something you know, and Something you have.\n\nSomething you know is your password. Only with your password can you use your private key to sign a transaction.\n\nSomething you have is your call. You need to install Google Authenticator on your phone. Every time you want to sign a transaction, you need to make up the 6-digit password that Google Authenticator updates every minute.\n\nThe 6-digit number will be sent to TrustedCoin, which is the 2FA company designated by Electrum. TrustedCoin will check that your 6-digit password is correct before you can help sign the transaction.\n\nBe aware that transactions issued with Electrom 2FA may have to pay a little more for transaction fees, so TrustedCoin also helps protect your wallet.\n\nThe advantage of using 2FA is that even if a hacker hacks into your computer and gets your password and Private Key, he can't confess your identity to sign the transaction. Unless the hacker is so powerful that even your phone steals and unlocks, the 2FA can't protect you...\n\nThe last one is to choose Import Bitcoin addresses or private keys. If you have used other wallets before and know what your private key is, you want to transfer it and use Electrum to click this, but you should pay attention to the method to copy you. The private key to the current computer, do not leave any traces.\n\nStep 4 Create a new one, or reuse the old seed (seed)\nThe seed is a universal wallet format according to BIP-39 (Bitcoin Improvement Proposal-39). The use is to avoid the pain of the user remembering the Private key.\n\nThe private key is like this: E9113D79C6D87DC0FB6A5778633219G4453213303DA61F20FD67FC233WQ13222\n\nIf one day your computer's hard drive hangs and you don't remember the string of meaningless numbers, does your wallet disappear forever?!\n\nBIP-39 has solved this problem for you. If you don't see the private key, you will be ok. The seed is a series of (12 to 24) English words that can be restored on any wallet that conforms to the BIP-39 standard as long as you can recite them sequentially.\n\nUnless you have used a wallet like MyCelium/Trezor and feel that it is not good to use it, you want to switch to Electrum, otherwise you can choose \"Create a new seed\".\n\nStep 5 Select which type of seed\nThe default is Standard, but I highly recommend everyone to use segwit!\n\nSegwit (Segregation Witness) was a very hot feature at the end of 2017. At that time, Bitcoin core developer insisted on doing this function, but there were a lot of miners who opposed it. They thought that Segwit had to go online with 2x, and almost had to fork Bitcoin. At the last minute, the miners succumbed and gave up 2x.\n\nThe story of segwit and 2x is very exciting. I will write another introduction. In short, segwit is a feature strongly promoted by Bitcoin Core developer, which greatly improves the amount of transactions that Bitcoin network can process per second.\n\nIt takes a little time to go to the segwit century. If your home wallet doesn't support segwit during the transition period, you may not be able to trade. But don't worry, the coming will always come. In order to meet the beautiful post-segwit era, everyone will adapt as soon as possible.\n\nStep 6 Remember your own seed\nAlthough Electrum warned me of Never disclose your seed, I still let everyone see it for teaching purposes.\n\nYou must remember these 12 words, whether it is to write a piece of paper or use memory bread, in short, do not exist in the computer, after all, this seed is used to save your life when your computer hangs.\n\nStep 7 Enter your password\nPlease be sure to use the password, otherwise the hacker will enter your computer, you can see your private key without the power of waste!\n\nFinally press \"Next\" and you're done!\n\nBasically, sending and receiving payments is very simple. See the interface instructions to do it.\n\nThe only thing that may not be clear is how to choose and calculate the Transcation Fee when sending money. However, due to the deeper working principle of bitcoin, Xiaobian will explain it in another article.\n\nFor the time being, you only need to know the more Transcation Fees you pay, and the faster the miners will handle your trading hours.",
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      "body": "Congratulations @btece! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n<table><tr><td><img src=\"https://steemitimages.com/60x60/http://steemitboard.com/img/notifications/firstvote.png\"></td><td>You made your First Vote</td></tr>\n<tr><td><img src=\"https://steemitimages.com/60x60/http://steemitboard.com/img/notifications/firstcomment.png\"></td><td>You made your First Comment</td></tr>\n<tr><td><img src=\"https://steemitimages.com/60x70/http://steemitboard.com/@btece/posts.png?201908140943\"></td><td>You published more than 10 posts. Your next target is to reach 20 posts.</td></tr>\n<tr><td><img src=\"https://steemitimages.com/60x70/http://steemitboard.com/@btece/voted.png?201908140943\"></td><td>You received more than 10 upvotes. Your next target is to reach 50 upvotes.</td></tr>\n</table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@btece) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=btece)_</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\nTo support your work, I also upvoted your post!\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "The above mentioned that FreeBitco.in can be used once every hour, and can directly draw to their private wallet, but it is not good that his minimum withdraw amount is a bit high, it takes a long time to withdraw.\n\nThis article introduces another famous faucet - the Moon series. It will be a little different from Freebitco.in in the Claim mode.\n\nBefore using MoonBit.co.in, you must first register the Microwallet Coinpot.co that is associated with Moon, as the amount you will receive each time after the purchase will be immediately recorded by Moon directly into Coinpot.co. When you have a certain amount at coinpot.co, you can withdraw money to your personal wallet Wallet.\n\nThis is also the Claim money model that most other existing Faucets have chosen. Which is the Microwallet that each Faucets connects to, which makes the novice feel confused at first.\n\nFreebitcoin v.s. MoonBitcoin Process Comparison\nFreebitco.in --> Claim --> The amount is recorded in Freebitco.in on your Account --> Withdraw directly from Freebitco.in to your Bitcoin Wallet\n\nMoonBit.co.in --> Claim --> The amount is recorded in Coinpot.co on your Account --> Withdraw To log in to Coinpot.co to withdraw funds to your Bitcoin Wallet\n\nMoonBitcoin teaching\n1. Register with Microwallet Wallet at CoinPot.co\n\n![](https://cdn.steemitimages.com/DQmeMKsCQoZ442XJAnjTLnLGkieNj3oN7gMTSrRSC8UMEGR/image.png)\n\n2. Log in at Moonbit.co.in using the same email registered on Coinpot.co (must log in with the same email, otherwise the amount will not be transmitted.)\n\n![](https://cdn.steemitimages.com/DQmamoAc3tBr2vDaP8cxvruu4cvkE5yUXKmWnxFCXphuiRD/image.png)\n\nNext, it's very simple to press \"Claim\".\n\n* By the way, if you have a lot of different taps at the same time, Xiaobian will suggest that you change the robot verification tool from \"Recaptcha\" to \"SolveMedia\", because \"Recaptcha\" is often used in a short time to verify The system will become more rigorous and you will need to spend more time \"by map\" to pass the verification.\n\n![](https://cdn.steemitimages.com/DQmdJmq8SRbS4tubm6xbGKgUNcuSt5GwJbVYJZDt2YZswXy/image.png)\n\nMoon series features\n\nYou can use Claim once in 5 minutes: Moon series You can use Claim once every 5 minutes. What's even better is that if you don't have time to spend often, the amount will help you accumulate over time. Of course, the amount of money will not be a linear increase, and the longer the time, the smaller the amount will be. Xiaobian's suggestion is that you can use the Climate once every hour.\n\n\nAccumulated up to 100% Daily Bonus: In addition, the Moon series is not a good place to have Daily Bonus! If you claim at least once a day, the amount of Claim will be increased by 1% on the second day, to the third day of Claim. When you send extra 2% more, like analogy, it has been increased to 100% capping, so as long as you insist on 100 days, you can maintain 100% or 2 times, very attractive!\n\nUp to 100% Mystery Bonus: What's even more appealing is that the Moon series has a Mystery Bonus every time you are in Claim, randomly picking a number from 0%-100% as an extra bonus.",
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      "body": "There are many crypto faucet sites on the web. Simply put, the website is free to send money. When you press \"Claim\", you will send a little bitcoin to you.\n\nA well-known bitcoin faucet site: FreeBitco.in\nYou don't need to prepare Bitcoin Wallet, you only need one Email Address to register.\n\nIntroduction to Freebitco.in\nAfter logging in, you will see this screen:\n![](https://cdn.steemitimages.com/DQmVAuJH7j24u2MsxpsRpmSiY5SE733dTudbhqFMxt7R8yH/image.png)\n\nTick \"I'm not a robot\" this checkbox verification\nSometimes you need to recognize the picture after pressing it, and let the website confirm that you are a human instead of a bot, you can press the ROLL lottery.\n\nAfter you press it, you will see:\n\n![](https://cdn.steemitimages.com/DQmVB9ngnTW6gcRvpYB5jCoA9PLJYLnUmq9SaciuQ3j6CB8/image.png)\n\nEvery time you press Roll, you will get a number from 0-10000.\nIf you draw:\n0 - 9885  0.00000018 BTC \n9886 - 9985  0.00000192 BTC\n9986 - 9993  0.00001922 BTC\n9994 - 9997  0.00019216 BTC\n9998 - 9999  0.00192156 BTC\n10000  0.01921560 BTC\n\nAfter each roll, you have to wait an hour to get the second time.\n\nHow do I transfer to my private wallet after I get a bitcoin?\nSuppose you already know what Bitcoin Wallet is, and you already have a wallet, so you can continue to watch it.\nIf you want to know how to open a wallet, please see: Introduction to Bitcoin Wallet\nThe minimum withdrawal amount of freebitco.in is 0.0003 BTC (30000Satoshi)\nSo if you don’t have 30,000 Satoshi in your account, you don’t have to read it...\n\nFreebitcoin Withdrawal has three modes\nAuto: After Setup is set, every BTC will transfer all BTCs in the account to the specified address every Sunday, and the transaction fee is fixed at 3000 Satoshi.\nSlow/Instant: Both modes are transferred once per press, which is the number of transaction fees, and how long it takes you to pay for your wallet.\n\nThe Slow mode is like taking a Hong Kong minibus. He has to store enough guests (i.e. every 12 clocks) to transfer out once. The advantage is that the transaction fee will be less.\n\nThe downside is that you have to wait for him to start the transfer, and then wait for a long confirmation.\n\nBecause the time required for the transaction confirmation is tied to the transaction fee, the less you pay, the longer it will take for the miner to confirm your transaction. Moreover, depending on the transaction volume at that time, if the character is not good, it may take a day or two to see the transaction completed.\n\nInstant will know the name will be very fast, just like taking a taxi, you don't have to wait for the guest, you will start the transfer immediately after pressing the confirmation, and because the instant transfer fee is higher, you should wait for about 1 hour. Will confirm.\n\nFreebitco.in big draw\n![](https://cdn.steemitimages.com/DQmSDt1TBLuJ3SoziuuZF6GjX2kB5C5b75wAieAnZaDCo9p/image.png)\n\nIn addition, Freebitco has a lot of interesting things, for example, you will get 2 lottery rolls every time you roll.\nA big draw will be held on Sundays, but the chances of winning the jackpot are much less than usual.\n\nBecause every registered user of freebitco has a lottery ticket, the more you roll, the more lottery tickets you have.\nJust like the small screen cap, there are already as many as 200 million lottery tickets, and the chance of winning the small series is only 0.00012843%... Hehehe\nIf you want to increase your chances of winning, you can roll a few times, or buy a lottery directly with BTC.\nEach lottery rewards one Satoshi!\n\nIn addition to the big draw, Freebitco also has the same size as an online casino. If you ask yourself to be a gambler, you may wish to give it a try, but I suggest you do what you can.\n\n![](https://cdn.steemitimages.com/DQmaHdQXCytQAm2zzmzmncvSJ4g8JpJtWZ9iSPrubur2xX4/image.png)\n\nFreebitco.in free interest\nFinally, one very important thing, freebitco.in has a unique feature, is to send interest! If you are a big bitcoin, that is, you have more than 30,000 satoshi in your account, or a holder, you can consider saving money into Freebitco.in.\n\nWhen your freebitco account has more than 30,000 satoshi, you can earn interest at 4.08% per annum and pay daily. That is to say, if you deposit 1 BTC, there will be 0.000109 BTC interest per day.",
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      "body": "Congratulations @btece! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n<table><tr><td><img src=\"https://steemitimages.com/60x60/http://steemitboard.com/img/notifications/firstpost.png\"></td><td>You published your First Post</td></tr>\n<tr><td><img src=\"https://steemitimages.com/60x60/http://steemitboard.com/img/notifications/firstvoted.png\"></td><td>You got a First Vote</td></tr>\n</table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@btece) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=btece)_</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "![](https://cdn.steemitimages.com/DQmceuD9cNfUysaD78NSyPi45VzH69SvW3PAKx1QnSqiJ1f/image.png)\n1. The source of the stellar coin.\n\n1) The founder of the star is JedMcCaleb, who was the co-founder of Rippo. Later, after seeing Ruibo’s development and his own thoughts, he decided to leave and created a star. The code of the star is 99%. Ruibo, only made a few changes.\n\n\n\n2) Stellar, also known as Stellar, is a global platform for Mt-Gox and Ripple's original founder, McCaleb, to connect banks, payment systems and end users, similar to Ripple's new payment system.\n\n\n\n3) The stellar coin is the underlying digital currency in the stellar payment network created based on the Ripple code modification.\n\n2 characteristics of stellar coins.\n\n1) Basic performance: The stellar currency is developed based on the digital currency in the payment network created by the Ripple code. The stellar currency is used as the encrypted digital currency, and the user can transfer the legal currency or the encrypted digital currency arbitrarily.\n\n\n\n2) Increase in production: The total amount of mining is 100 billion. In fact, the amount of production of stellar coins is not gradually reduced, but is increased by 1% per year.\n\n\n\n3) Main areas: The scope of business is small, mainly in cooperation with banks and financial institutions, and the ability to use the network to actually send money. Some non-profit and commercial entities have agreed to use stars as part of their financial infrastructure.\n\n\n\n4) Solving the problem of cross-border payment: It has a good performance in cross-border payment: the existing financial system is connected to the stellar system, so as to achieve the purpose of transferring funds across borders. The advantage is that the transaction cost is small, almost A cost-effective transaction can be achieved at zero cost.\n\n3. The future of the star (XLM).\n\nThe biggest competitor that Stellar (XLM) faces in the future is Ruibo, because the launch of the stellar coin is based on the Ripple agreement.\n\n\n\nHowever, as a base currency for encryption digital, stellar has made great improvements on the basis of Ruibo technology, especially the consensus mechanism and verification algorithm, which makes the transaction cost lower and the transaction efficiency higher.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cryptovest.com/education/litecoin-mining-scrypt-algorithm-for-a-leading-coin/",
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      "body": "![](https://cdn.steemitimages.com/DQmUA5JYvJifmxXy5QJi5TxmDhSmyucH1Wm5aruArKcUoyN/image.png)\n1. What is Litecoin?\n\n1) Litecoin was founded in 2011 by former Google engineer Charlie Lee, announcing the birth of Litecoin. The official website of Litecoin said: Litecoin is a supplement to Bitcoin, and the goal is to become the \"gold\" of Bitcoin.\n\n\n\n2) The main goal of Litecoin is to create a digital cryptocurrency based on blockchain “peer-to-peer technology”. It is inspired by Bitcoin technology to solve the problems of Bitcoin technology based on Bitcoin technology, especially the slow transmission speed of transactions. The problem, a chestnut: Bitcoin just took about ten minutes to complete the transaction shortly after its launch. As the scale grows, it may take up to thirty minutes to complete the transaction.\n\n\n\n3) The mining of Litecoin is based on the Scrypt algorithm (an algorithm that conforms to the Pow workload consensus mechanism, uses more memory resources in the algorithm process, and needs to calculate the hash value) to increase the amount of Litecoin processing capability, so that Litecoin The supply is growing more steadily.\n\n2. The difference between Litecoin and Bitcoin.\n\n1) Transaction efficiency: Bitcoin uses the SHA256 algorithm to process a trading block in 10 minutes. The Litecoin uses the Scrypt hash algorithm, which can process a trading block every 2.5 minutes, which can improve transaction confirmation and save trading time.\n\n\n\n2) Total issuance: The total number of bitcoins is 21 million, and the total amount of Litecoin is four times that of Bitcoin, with a total of 84 million.\n\n\n\n3) Difficulties in mining: The more complex SHA256 algorithm used by Bitcoin requires a more advanced method for bitcoin mining. In contrast, the scrypt encryption algorithm used by Litecoin in its workload proof algorithm makes people The chances of digging to Litecoin on a regular computer will be higher.\n\n3. The future of Litecoin.\n\nI often hear Bit Gold Wright’s statement that the visibility and credibility of Bitcoin in the blockchain market is significantly higher than that of Litecoin in terms of public acceptance. However, Litecoin is more liquid. The advantages of more efficient trading, and making it one of the most widely used digital cryptocurrencies, can become a support and supplement for Bitcoin in the future.",
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      "body": "The blockchain is very popular, and the news media also reports boosting, making people feel that he will be able to create the future. However, there are very few introductory articles in the currency, and the articles in Big V are usually too deep and complicated. Xiao Bai can't understand, can't read, can't learn...\n\n\n\nIn fact, the most urgent problem to learn is not how to make money, but to understand what is the blockchain, what is the currency circle and so on.\n\nAs the blockchain gradually enters the 3.0 era, more and more people trust blockchain technology, and the field of blockchain technology and related digital cryptocurrencies are gradually being watched. A total of 100 types have been introduced by market value. The cryptocurrency of the main network and products.\n\n![](https://cdn.steemitimages.com/DQmfQW77rTHUeAqzmmYBoeMrUhRXYM8vghJjbDtjt96aSr4/image.png) \n1. What is USDT?\n\n1) USDT is an encrypted digital currency based on the stable value currency US dollar (USD) issued by Tether, referred to as USDT. In 2015, Tether's Tether was launched on the trading platforms Bitfinex and Poloniex.\n\n\n\n2) Tether is an unusual project. The company strictly abides by the 1:1 reserve guarantee. One USDT token is equal to 1 USD. The user can use the USDT and USD for 1:1 exchange on the Tether platform. Check the funds to ensure the transparency of funds.\n\n\n\n3) The issuance and trading of the USDT uses the first Omni protocol on the market based on the Bitcoin blockchain 2.0 currency, so the parameters of the transaction confirmation are the same as those of Bitcoin.\n\n2. The characteristics of USDT.\n\n1) Avoiding the overall downside risk: Tether co-founder Craig Sellars said: Users can wire the US dollar to the bank account provided by Tether through SWIFT, or exchange the USDT through the exchange, and reverse the operation when redeeming the US dollar. The 1:1 reserve guarantees that USDT will not have huge fluctuations in the price change, only change with the change of the US dollar exchange rate, and the price is stable.\n\n\n\n2) Strong liquidity: The platform allows users to store and transfer encrypted digital currency across platforms. The USDT is based on a secure and transparent Bitcoin blockchain, which is stable and reliable.\n\n\n\n3) Intuitive currency price: In the case of supporting TEDA (USDT) transactions, you can visually see how many dollars each currency value.",
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