Litecoin is a peer to peer internet crypto digital currency protocol held electronically that gains fame in the recent days. It is transferred electronically with a very low transaction fees without the help of any financial organizations. In this paper, online transaction from one person to another is studied in peer to peer networks with reduced transaction time. Here, a block chaindistribution in bit-torrent network is considered to transact the litecoins. This method aims at gathering information on networksize, numberof client and network distributions.In this minimal structure network, broadcasted messages and nodes can rejoin orleave the network based on best effort basis. Finally, efforts are considered to avoid double spending attacks on litecoins.
Department of Computer Science and Engineering, School of Engineering, Chennai Campus
Block Chain Technology
Assistant Professor,
Department of Computer Science and Engineering,
School of Engineering,
Amrita Vishwa Vidyapeetham, Chennai Campus.
