When I trade (i.e 2 LTC) the transaction goes thru.
However, when I look at the transaction record, my wallet address is either an input or output (depending on whether sent or recieved) along with other “random?” inputs or outputs. Also the total amount of the transaction is 160LTC, and my 2 LTC is just a small piece of the total transaction associated with my wallet address.
It is my understanding that this is a property LTC has created for their transactions to help with privacy and cut down fees.
I also assumed that these other addresses and my own, are operating as multsig addresses (aka as keys) to confirm a transaction. Is this true? Would LTC characterize the multiple input and outputs of a single transaction as "multisig’? Or is this just a basic transaction that groups together other wallets and users who need to be a part of a transaction, and is specfic to litecoin?
Thank you for your help!