That they are the Altcoins
Behind the throw and the Bitcoin's success, they began to other digital coins having an aspiration emulating the Bitcoin's success go out. This set of alternative coins Altcoins are called. Most of Altcoins are very similar to the Bitcoin since POW or proof of work imply a process of mining, p2p to spread out and his objective use a net it is offering a fast and efficacious way to do transactions and you shop in the web. The Altcoins became popular after Bitcoin's mining became difficult and specialized. With the entrance of the devices ASIC to mine Bitcoin in the year 2012, the difficulty grew exponentially and mining was not the miners that used your video adapters profitable for them. For this reason the Creation and utilization of new Algorithms to mine era the way out for all that quantity of miners.
The first Altcoin in becoming popular was Litecoin. Litecoin was deliberate to be Bitcoin's electronic alternative coin and offers three main differences. In the first place, the net Litecoin accomplishes the processing of a block every 2.5 minutes instead of cade 10 minutes, which enables a faster confirmation of transactions. Secondly, the net Litecoin will produce approximately 4 times plus coins than Bitcoin (84 million Litecoins against 21 million Bitcoin) and in the third place, Litecoin uses scrypt in his trial algorithm of work: A sequential function of hard memory conceived for the first time by Colin Percival.