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    In recent decades, encryption methods have evolved that allow data to be transmitted securely through insecure channels by encrypting it into ciphertext. This method is linked to blockchain technology, where the encrypted data makes a chain of ciphertexts that inherit the owner's parameters. Blockchain was originally used to decentralize currency regulation, leading to the evolution of cryptocurrency. Ether and Litecoin are two major altcoins that launched after Bitcoin's success in 2009. Both are decentralized, open source, and facilitate smart contracts and tokens via the ERC-20 standard. While Ether has no supply limit and faster block times, Litecoin has a limited supply and lower transaction fees.

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    In recent decades, encryption methods have evolved that allow data to be transmitted securely through insecure channels by encrypting it into ciphertext. This method is linked to blockchain technology, where the encrypted data makes a chain of ciphertexts that inherit the owner's parameters. Blockchain was originally used to decentralize currency regulation, leading to the evolution of cryptocurrency. Ether and Litecoin are two major altcoins that launched after Bitcoin's success in 2009. Both are decentralized, open source, and facilitate smart contracts and tokens via the ERC-20 standard. While Ether has no supply limit and faster block times, Litecoin has a limited supply and lower transaction fees.

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    3 views1 page

    Class

    Uploaded by

    manoj
    In recent decades, encryption methods have evolved that allow data to be transmitted securely through insecure channels by encrypting it into ciphertext. This method is linked to blockchain technology, where the encrypted data makes a chain of ciphertexts that inherit the owner's parameters. Blockchain was originally used to decentralize currency regulation, leading to the evolution of cryptocurrency. Ether and Litecoin are two major altcoins that launched after Bitcoin's success in 2009. Both are decentralized, open source, and facilitate smart contracts and tokens via the ERC-20 standard. While Ether has no supply limit and faster block times, Litecoin has a limited supply and lower transaction fees.

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    © All Rights Reserved
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    In recent decades, a method to encrypt data to cipher text evolves which enable data to transmit

    through insecure communication channels. This method is linked with Block-chain technology in which
    this encrypted data make a chain of cipher texts that inherit the owner parameters. Block chain
    technology was used in currency regulation to make it decentralize. This makes an evolution of crypto
    currency.

    Crypto currency is a way to devise all economic transactions involve across international borders in a
    secure and decentralized manner. It`s disguise transactional behaviour and communication revolution
    make it popular around the world. Crypto currencies have their inception from the formation of Bitcoin
    in 2009. After tremendous success of bitcoin various altcoins also launched over the years. In these
    altcoins major one are Ether(ETH) and Litecoin(LTC) which are providing better hash rate than Bitcoin.

    Ether and Litecoin both are decentralized, open source, facilitating creation of smart contract and
    decentralized tokens. Both implement ERC-20 standards.

    Litecoin has limited supply whereas Ether has open chain. The block confirmation time of ether is faster
    than litecoin. Litecoin has lower transactional fee than Ether. Ether is a coin of Ethereum plateform
    whereas Litecoin is an image of Bitcoin.

    Having fast transaction, Ether is the second most popular coin after Bitcoin and Litcoin is on the third
    place.

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