Mobile Networks and Applications

, Volume 24, Issue 2, pp 318–326 | Cite as

Secure P2P Intelligent Network Transaction using Litecoin

  • M. PadmavathiEmail author
  • R. M. Suresh


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.


Litecoin Electronic cash Crypto currency Peer to peer transaction Intelligent network 


  1. 1.
    McKinney RE Jr, Shao LP, Shao DH (2011) Can digital worlds simulate reality? Using virtual reality as an educational tool. International Journal of Business Research 11(5):157–165Google Scholar
  2. 2.
    Litecoin charts ( Retrieved 2014-01-19
  3. 3.
    Elendner H, Trimborn S, Ong B, Lee TM (2018) Chapter 7 – The Cross-Section of Crypto-Currencies as Financial Assets1: Investing in Crypto-Currencies Beyond Bitcoin. Handbook of Blockchain, Digital Finance, and Inclusion 1:145–173CrossRefGoogle Scholar
  4. 4.
    Chen S, Chen CYH, Härdle WK, Lee TM, Ong B (2018) Handbook of Blockchain. Digital Finance, and Inclusion 1:175–206Google Scholar
  5. 5. ( Retrieved 2014-01-19
  6. 6.
    Simonite T (2013). Bitcoin isn't the only crypto currency in town ( MITTechnology Review, Retrieved 24 April 2013
  7. 7.
    Popper N (2013) The rush to coin virtual money with real value ( The New York Times
  8. 8.
    Clinch M (2013). Who needs bitcoin Check out these virtual currency alternatives" ( Retrieved 2013-12-16
  9. 9.
    Cohen R (2013) Crypto-currency bubble continues: Litecoin surpasses billion dollar market capitalization. Forbes. Retrieved 2014-01-19
  10. 10.
  11. 11.
    Miers I, Garman C, Green M, Rubin AD (2013). Zerocoin: Anonymous distributed e-cash from bitcoin. In: Proceedings of the IEEE Symposium on Security and Privacy 397-411Google Scholar
  12. 12.
    Reid F, Harrigan M (2013) An analysis of anonymity in the bitcoin system. In: Security and Privacy in Social Networks 197-203Google Scholar
  13. 13.
    Becker J, Breuker D, Heide T, Holler J, Rauer HP, Böhme R (2012) Geld stinktBitcoinauch - EineÖkobilanz der BitcoinBlock-Chain. In: GI-Jahrestagung, S 39-50Google Scholar
  14. 14.
    Grinberg R (2012) Bitcoin: An innovative alternative digital currency. Hastings Sci & Tech LJ 159-208Google Scholar
  15. 15.
    Revell T (2017) The toss of a coin. New Scientist 234(3123):22–23CrossRefGoogle Scholar
  16. 16.
    Helion technology datasheet - high performance SHA-256 hash core for asic. asic fast helioncore.pdf
  17. 17.
    CAST SHA256 secure hash function core.
  18. 18.
  19. 19.
    Coblee (2011). [ANN] Litecoin - a lite version of Bitcoin. Launched. Post on internet forum. Retrieved 2014-05-03. Using Scrypt allows one to mine Litecoin while also mining Bitcoin
  20. 20.
    Satoshi N (2013) Bitcoin: A Peer-to-Peer Electronic Cash System. Retrieved 24 April 2013
  21. 21.
    Powers S (2012) Crypto currency: Your total cost is 01001010010. Linux Journal (215): 28–29. Retrieved 21 October 2012
  22. 22.
    BATR (2013) Bitcoins risk reward. ( The Market Oracle. Retrieved 24 April 2013
  23. 23.
    Ron D, Shamir A (2012) Quantitative analysis of the full bitcoin transaction graph. IACR Cryptology ePrint ArchiveGoogle Scholar
  24. 24.
    Ahrens JH, Dieter U (1982) Computer generation of poisson deviates from modified normal distribution. ACM Trans Math Softw 8(2):163–179MathSciNetCrossRefzbMATHGoogle Scholar
  25. 25.
    Rosenfeld M (2011). Analysis of bitcoin pooled mining reward systems,in distributed, parallel, and cluster computing. 2–46Google Scholar
  26. 26.
    Rosenfeld M (2012). Analysis of hash rate-based double-spending, CoRR, arXiv:1402.2009Google Scholar

Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Associate Professor, Department of Computer Science and EngineeringR.M.K College of Engineering and TechnologyPuduvoyalIndia
  2. 2.Principal, Sri Lakshmi Ammal Engineering CollegeTambaram EastIndia

Personalised recommendations