Crypto-Currency Financial Directory and Information

Bitcoins

Bitcoin is the leading crypto-currency in the world.  The currency was first generated by a mysterious group or individual named Satoshi Nakamoto in 2009.  Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions.  It is a tedious job for the majority of computers due to an inclusion of open source cryptography and algorithms, so in turn, these miners pool their processing power to mine together. 

Litecoins

Litecoin is the second largest crypto-currency in the world.  It is extremely similar to the Bitcoin structure, with a few significant improvements.  Litecoin is uses the same open source encryption protocol and is also not managed by any central authority.   It is mined similar to Bitcoin, but has the added protection of  using Scrypt than for SHA-256 for its “proof of work” when people are mining the currency. 

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