Litecoin wallet not syncing

I created an app for watching the balances of your public addresses on Android,called Cryptowatch,and a lot of people seem to not know that the dogecoin clients,bitcoin clients,litecoin wallet backups do not automatically stay in sync with your current wallet. This is really important to know if you send a lot of coins out of your wallet. The more often you do this,the more often you will need to backup your wallet. This is also why online websites and my app may show a different balance for your address than what you see in the client.

This happens because of how cryptocurrency clients work. When you send someone money,it is actually getting sent to two places. First,the person you are sending money to receives it,but the second address is what we call a “change address” that the wallet generates and uses to send the remaining coins. It is often described like breaking a 20 dollar bill. You buy something for 9 dollars,and get back 11. But instead of putting the 11 dollars back into your wallet,you put it into another wallet that belongs to you. This gives you some small privacy into which address is the payment address and which is the change address,so people can’t guess what you are buying or track your coins as easily.

The client program you use hides these details to you. You don’t know which change addresses you have and which are being used,you only know about your public key to your main address that shows up in your wallet. All the change addresses will be grouped under a single public key and show a totaled balance,even though they are actually separate. This creates a few problems.

Wallet Backups are NOT in Sync

First,many of the change addresses are only generated when they are used,or slightly before. Your client will start you out with 100 addresses,and when it runs out,it will make new ones. At the moment it begins making new ones,your wallet backups are no longer in sync with your actual wallet,because your coins are actually stored under several different addresses that aren’t saved in your backup. So if you send coins regularly from your wallet,make sure you do regular backups. If you have a large amount of coins that you don’t plan on spending,don’t keep them in the same address as an address you use to send coins from. Create 1 address that you don’t touch,and send coins there that you won’t move. In case you forget to do a backup,as long as you don’t send your coins from the address you shouldn’t lose any from that address. You can continue to send coins from the other address,and won’t lose as much if you don’t have the most recent backup.

Programs Can’t Show Balance Information

Bitcoin wallet not syncing

Litecoin wallet not updating

Bitcoin wallet not Opening

Litecoin wallet to mine

Litecoin wallet not Working