Litecoin wallet address rules

The Litecoin wallet address consists of alphanumeric characters in the format of version byte RipeMD-160 hash checksum. The steps to generate the address include: generate the RipeMD-160 hash from the public key or script, prepend the version byte, perform a double SHA-256 hash, take the first 4 bytes as the checksum, and append it to the RipeMD -160 followed by hash and version bytes.

Litecoin Wallet Address Rules

A Litecoin wallet address is a unique identifier used to send and receive Litecoin. It consists of a series of letters and numbers, similar to a Bitcoin address.

Wallet Address Format

Litecoin wallet addresses follow the following format:

[Version byte] + [20 bytes ripemd160 hash] + [4 bytes checksum]

Version Bytes

The version byte is the first byte of the address format, which specifies the address type. Litecoin uses the following version of bytes:

• 5: The address is generated from the public key, using an old algorithm and is deprecated.
• 48: The address is generated from the public key, using a new algorithm.
• 49: Addresses are generated from scripts and used for multi-signature addresses and smart contracts.

RIPEMD-160 Hash

20 Bytes The RipeMD-160 hash is the hash of a public key or script. It is used to generate a unique identifying part of the address.

Checksum

The 4-byte checksum is the first 4 bytes of the double SHA-256 hash of the RipeMD-160 hash. It is used to detect errors in addresses.

Address Generation

Litecoin addresses can be generated by following these steps:

1. Start with a public key or script.
2. Hash the public key or script using RipeMD-160.
3. Add version bytes in front of RipeMD-160 hash.
4. Perform a double SHA-256 hash on the result.
5. Take the first 4 bytes as the checksum.
6. Append the checksum to the RipeMD-160 hash and version bytes.

Example Address

The following is an example Litecoin address, using version byte 48:

Lct1nZtQYUKa6z38N3hEzNupBDt9xd4iQFz

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