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Your questions about cryptocurrency answered

Can can I identify my deposits to a wallet on a BTC (or LTC) blockchain (using the blockcypher api)

Can can I identify my deposits to a wallet on a BTC (or LTC) blockchain (using the blockcypher api)

Can you trace Bitcoin deposits?

Understanding Bitcoin traceability

All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network. Bitcoin addresses are the only information used to define where bitcoins are allocated and where they are sent. These addresses are created privately by each user’s wallets.

What is BlockCypher used for?

BlockCypher is a cloud-optimized block chain platform powering crypto-currency applications reliably and at-scale. BlockCypher is a cloud-optimized block chain platform powering crypto-currency applications reliably and at-scale. Have you used BlockCypher before?

How do I track my Litecoin transaction?

Enter your transaction ID, or TXID (which can be found in your order overview) or your wallet address in the search bar to locate your transaction.

How do I track my Blockchain wallet?

Go to https://live.blockcypher.com/ or https://www.blockchain.com/explorer and type or paste the transaction ID into the search field. You can see how many confirmations your transaction has. If you’re receiving BTC in your Paxful wallet, the funds should arrive after two confirmations.

How do you decode a block cipher?

During decrypting of a ciphertext block, one should add XOR the output data received from the decryption algorithm to the previous ciphertext block. Because the receiver knows all the ciphertext blocks just after obtaining the encrypted message, he can decrypt the message using many threads simultaneously.

What is blockchain API?

What is blockchain API exactly? It is an interface that communicates with a blockchain node or a client network directly or through another service. A good blockchain API example would be an interface between a Bitcoin exchange and a user application that gathers data from it.

Can Litecoin be traced?

There is no way to “trace” a Litecoin address to the person using it – unless they leave clues connecting their Litecoin address to their physical identity.

What network does Litecoin use?

Lightning Network

Lightning Network

It was originally designed to be implemented on the Bitcoin blockchain. Like SegWit, the network was first implemented on Litecoin which many used to test Lightning Network in a real economic environment.

How long do LTC transactions take?

Which cryptocurrencies have the fastest average transaction speeds?

Market Cap Rank Cryptocurrency Average Transaction Speed
4 Bitcoin Cash 60 minutes
5 EOS 1.5 seconds
6 Litecoin 30 minutes
7 Cardano 5 minutes

Where can I see blockchain transactions?

To see your transaction on the blockchain, click on the link next to the coin you purchased and enter either your wallet address or the blockchain transaction ID in the website search bar.

How do I read blockchain transactions?

How to read a cryptocurrency transaction on a Block Explorer

  1. The transaction Hash ID. The transaction hash, also known as the Transaction ID, is the identifier of this specific transaction. …
  2. The sending address(es) …
  3. The fees. …
  4. The receiving address(es) …
  5. The transaction’s status.

How do I verify a blockchain transaction?

Verifying Cryptocurrency Transactions is as Easy as 1-2-3

  1. Step 1: Take Note of Your Transaction ID. …
  2. Step 2: Input your Transaction ID into the Blockchain. …
  3. Step 3: Check the Status of Your Transaction & Verify its Details.

Are Litecoin transactions anonymous?

Litecoin’s MWEB upgrade, which makes transactions confidential, comes at a time when the majority of the crypto exchanges are implementing strict KYC and AML guidelines.

How do I find out who owns a Bitcoin address?

How to Know Who Owns a Bitcoin Address

  1. Know Your Customer (KYC) Rules. …
  2. Searching Bitcoin Address Owners outside the Blockchain. …
  3. Searching for Published Personal Information Online. …
  4. Transaction Analysis Tools. …
  5. Tracking outside Purchases. …
  6. Tracking IP Addresses. …
  7. Thin Client and Hosted Wallet Usage. …
  8. Tracking Crypto Exchanges.

What is the fastest coin to send?

Let’s explore some of the top ten cryptocurrencies that provide high transaction speed to crypto investors in 2022.

  • Ethereum. …
  • XRP. …
  • Cosmos. …
  • Avalanche. …
  • Bitcoin. …
  • Dogecoin. …
  • EOS. …
  • Polkadot. Polkadot is one of the top cryptocurrencies to offer 1,000 transactions per second and confirmation within 4-5 seconds for crypto transactions.

How long does it take for LTC to confirm?

Kraken’s confirmations requirements

0x (ZRX) 20 confirmations 5 minutes
Litecoin (LTC) 12 confirmations 30 minutes
Livepeer (LPT) 20 confirmations 5 minutes
Loopring (LRC) 20 confirmations 5 minutes
Maker (MKR) 20 confirmations 5 minutes

How many confirmations are needed for LTC?

6 network confirmations

How many confirmations are needed for LTC? LTC requires 6 network confirmations.

What is Factom Cryptocurrency?

Factom is an enterprise-grade blockchain layer. It acts as a crosschain solution that allows independent nodes to communicate with Bitcoin through the Factom protocol. Instead of storing entire records on the blockchain, it acts as an encrypted, immutable directory.

Who is BTC address?

A Bitcoin address is a unique identifier that serves as a virtual location where the cryptocurrency can be sent. People can send the cryptocurrency to Bitcoin addresses similarly to the way fiat currencies can often be sent to email addresses.

Can you find out who a bitcoin wallet belongs to?

All Bitcoin transactions and the wallet addresses involved are recorded on a public blockchain – the Bitcoin blockchain, to be specific. They are open and available to everyone to see. However, Bitcoin wallet addresses alone don’t reveal any identifiable details.

How can you tell a Bitcoin scammer?

To protect against cryptocurrency scams, here are some of the common red flags:

  • promises for large gains or double the investment;
  • only accepting cryptocurrency as payment;
  • contractual obligations;
  • misspellings and grammatical errors in emails, social media posts or any other communication;

Who is the biggest BTC holder?

Bitcoin fund holdings

The largest fund holding Bitcoin is Grayscale’s Bitcoin Trust, which has 643,572 BTC, equivalent to over 3% of the cryptocurrency’s circulating supply. Next is CoinShares, which holds around 42,980 BTC through XBT Provider’s exchange-traded products.

What country owns most Bitcoin?

Crypto owners in the United States are the biggest holders of Bitcoin. It’s not surprising that the United States is the biggest holder of Bitcoin. According to data, a cryptocurrency analysis firm, the U.S. has nearly 22 percent of all bitcoin addresses.

What wallet owns the most Bitcoin?

Bitcoin Rich List

Address % of coins
1 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo wallet: Binance-coldwalletBalance:252,597 BTC ($5,854,274,920) Ins:725 Outs:449 1.32%
2 bc1qgdjqv0av3q56jvd82tkdjpy7gd..vw97 wallet: Bitfinex-coldwalletBalance:168,010 BTC ($3,893,853,586) Ins:97 Outs:78 0.8790%

How much Bitcoin does the FBI have?

A new report from Wired magazine indicates that the FBI is now in control of two addresses, or wallets, holding bitcoin worth as much as $120 million.

Can police track bitcoin?

Although it is reported that most bitcoin transactions (98.9%) are not associated to criminal activity, the birth of cryptocurrency has provided individuals with new mediums to facilitate criminal activity. As a digital currency, there is no way to track or identify who is sending or receiving Bitcoin.

Can stolen bitcoin be traced?

In theory, it’s possible to track your stolen bitcoin by monitoring the blockchain – in practice, however, this is made difficult by both the anonymous nature of the currency and the fact that the thief will most likely use a bitcoin exchange to trade the currency for normal cash straight away.

Can the government take your crypto?

Bitcoin seizure is the process by which the government legally dispossesses a citizen of bitcoin. Bitcoin is seizure-resistant and can only be seized by obtaining the private key to a bitcoin address. Assuming probable cause, bitcoin which funds or facilitates criminal activity will be subject to government seizure.

Can government freeze crypto wallets?

The nature of Bitcoin transactions and the security measures in place make it impossible for the government to freeze your assets. No local or international governing authority can seize your digital assets. Bitcoin technology has various security features, keeping unauthorized users out of your digital wallet.