Secure P2P Intelligent Network Transaction using Litecoin

摘要

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 chain distribution in bit-torrent network is considered to transact the litecoins. This method aims at gathering information on network size, number of client and network distributions. In this minimal structure network, broadcasted messages and nodes can rejoin or leave the network based on best effort basis. Finally, efforts are considered to avoid double spending attacks on litecoins.