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A cryptocurrency (cryptocurrency) is a digital means of exchange.1 The first cryptononeda that began to operate was Bitcoin in 2009,2 and since many others appeared, with different characteristics and protocols like Litecoin, Ethereum, Ripple, Dogecoin Bitcoin .
When comparing a criptomoneda with the fiduciary money the most notable difference is the way in which no group or individual can accelerate the production of money and to use this of illegal form or abusively of significant way.
Dozens of cryptones have already appeared with different specifications, but most of them are similar or derived from the first one that has been fully implemented; The Bitcoin.
Cryptomonedas make possible the so-called Internet of Value, also known by the acronym IoV (Internet of Value), also called Internet of the money that are applications of Internet that allows the exchange of value in the form of criptomonedas.
This is because the generation of a certain amount of coin units is done collectively, at a rate that is limited by a previously defined and publicly known value.
In cryptomoneda systems, the security, integrity and equilibrium of their accounts (accounting) are guaranteed through a network of agents (segmented file transfer or multi-file transfer) that are mutually verified (mistrusted) called "miners"
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin. Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins. This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments. The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items. Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.