![]() Like an email account having a email address, the Litecoin wallet provides an Litecoin address. Receives and keeps track of your Litecoin.Shares, or broadcasts, this information with the Litecoin network.Sends Litecoin by approving transactions, verified by the special signature derived from your private key.Generates Litecoin addresses from these public keys.Create public keys derived from the private keys.On a technical level a wallet foresees in six functions. A Litecoin wallet is similar in that you can receive and send Litecoins. With your email account, you can receive and send emails. ![]() To understand the concept of a wallet, one can compare a wallet with the use an email account. A Litecoin wallet is where you manage your Litecoin.
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