Application Management

Running head: APPLICATION MANAGEMENT
Application management
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1APPLICATION MANAGEMENT
Table of Contents
Introduction................................................................................................................................2
Part 1..........................................................................................................................................2
Architecture............................................................................................................................2
Features..................................................................................................................................3
Challenges..............................................................................................................................4
Part 2..........................................................................................................................................4
Prevention of replay attacks by bitcoin..................................................................................4
Bitcoin cash attract miners.....................................................................................................4
Part 3..........................................................................................................................................5
Difference between bitcoin and Litecoin...............................................................................5
Conclusion..................................................................................................................................6
Reference list..............................................................................................................................8

2APPLICATION MANAGEMENT
Introduction
Litecoin is one of the oldest cryptocurrencies in the world which came into existence
after Bitcoin. It is based on peer to peer cryptocurrencies. Litecoin came into existe4mse from
October 2011. The transfer of Litecoin’s used to take place from an open source of the
cryptographic protocol and therefore is also not managed by any kind of central authority. In
the year 2013, the value of the Litecoin was known to reach around $1 billion market
capitalization. The year 2013 saw the massive growth of the particular cryptocurrency. The
value of the Litecoin have grown significantly for past few years. Litecoin was introduced by
Charlie Lee by copying the core code of the Bitcoin(3). In general, Litecoin has a low
transaction fees when compared to the other kind of cryptocurrencies. This particular
Cryptocurrency market cap is presently more than $4 billion. Litecoin is also a decentralised
money which does not have any kind of censorship and generally remains open to all. With
the help of Litecoin, people can easily send low cost private, secure and borderless payments
for anyone anytime and anywhere.
Part 1
Architecture
Most of the cryptocurrencies comprise of the network protocol, consensus protocol,
internal state and the transaction protocol. Litecoin has a total of around more than two
hundred cores available for mining where eight groups are created with sixteen cores in each
of the group(4). The architecture comprises of the flexibility for communicating each of the
cores individually or group wise. The mining module will also help in communicating with
the external services. The internal architecture of the bitcoin is provided in the diagram
below. Each of the Scrypt core will be given a core identification number for diving the
nonce uniformly among the cores.