Mycelium has slowly made its way into the cryptocurrency economy as a staple over the last year. Mycelium’s local trader app is an ingenious way for individuals to find other individuals interested in doing under-the-radar transactions involving cryptocurrencies.

1. www.livebitcoinnews.com Bitcoin Network, News, Charts, Guides and Analysis
Mycelium Entropy Will Support Litecoin
Mycelium has slowly made its way into the cryptocurrency economy as a staple over the last year.
Mycelium’s local trader app is an ingenious way for individuals to find other individuals interested in doing
under-the-radar transactions involving cryptocurrencies.
Though the system provided by Mycelium in their local trader app
works specifically with Bitcoin within their own BTC wallet,
establishing contact with other cryptocurrency enthusiasts is
always a plus. Enough about the fungus-like resilience of
Mycelium, the Mycelium Entropy needs its time to shine!

2. LiveBitcoinNews.Com
Mycelium Entropy Will Support Litecoin
The Mycelium Entropy allows users to plug a simple USB device into their USB-printing enabled printer
to create a secure Bitcoin or Litecoin Paper Wallet. The Mycelium Entropy uses advanced technology
to create a “truly random number” for use in generating a private key. The private key and public
address are then converted to QR codes and rendered in a jpeg file to be printed directly from the,
preferably internet-disconnected, printer. After the Mycelium Entropy is done printing the paper wallets,
the memory on the printer is effectively wiped to add to the security of the process. The Mycelium
Entropy is also 100% open-source so it is conceivable that other altcoins will develop their own
versions of the Mycelium Entropy to create any type of altcoin paper wallet. This type of activity is
always a risk in the open-source industry; however, Mycelium already has many loyal mobile app users
for whom the Entropy will indubitably always be their favourite.
Will Mycelium support Litecoin?
Some Litecoin supporters might wonder if Mycelium’s convenient mobile wallet will perhaps become a
“multi” wallet that also allows for Litecoin storage and transmission. Unfortunately, the last official word
from Mycelium on the topic is “no.” In a November post, Jan of Mycelium, said:
We don’t have any plans for adding Litecoin right now. There is plenty to do to just get Bitcoin
right. We may reconsider later on once the dust settles.

3. Mycelium Entropy Will Support Litecoin LiveBitcoinNews.Com
Mycelium Indiegogo Crowdfund
Mycelium raised funds for their Entropy USB Paper Wallet creation device through popular
crowdfunding site, Indiegogo. Much to the pleasure of the general Bitcoin community, they also
worked with BitPay to accept Bitcoin donations and pledges right on their Indiegogo fundraising page.
If you’re interested in learning more about the Mycelium Entropy USB Paper Wallet creation device,
Mycelium has two instructional and demo videos that are very informative. The complex technical
details about how hardware entropy contained within a tiny USB drive translates to completely random
Bitcoin private keys each and every time are too much for most people to handle. Mycelium has taken
this consideration to heart and has been rewarded by broad community support. Several hundred
individual donators from around the world joined together to make this project possible. The only
reason that the Mycelium Entropy supports Litecoin is because Litecoin support was offered as a
“stretch goal.” If the amount of money crowdfunded could exceed the suggested $20,000 mark by
$10,000, then Litecoin Paper Wallet implementation would be included fresh-out-the-box. At the end of
the fundraiser, August 23rd, 2014, Mycelium closed the Indiegogo campaign with a total of $31,271
USD raised. It is unclear if the excess money came from the Litecoin community.
Bernard Sharpe : Bernard is a young, open-minded individual who has been swept away by the
torrential waves of Bitcoin, virtual currencies, and cryptocurrencies. Since he was but a wee lad,
Bernard has questioned authority each and every time the opportunity has appeared. Bernard first
encountered Bitcoin in the winter of 2012 and has patiently observed from the sidelines for years. A
long-time miner, Bernard seeks to use his voice to break the monotony of Bitcoin news with a cultured,
thought-out, approach. His favorite color is grey and in his spare time he enjoys jogging, prayer, and a
good cup of tea. More Posts