An Overview on Blockchain
Journal Title: International Journal of Innovative Research in Computer Science and Technology - Year 2021, Vol 9, Issue 6
Abstract
Blockchain is a decentralized technology. When it comes to resolving business issues, it wields considerable power. Every transaction on the blockchain is encrypted, and each transaction is linked to a previous transaction or record. Blockchain transactions are validated by algorithms running on nodes. A single entity cannot start a transaction. Eventually, blockchain provides transparency by allowing any participant to view transactions at any moment. Smart contracts provide secure transactions, minimizing the risk of third-party interruptions. Ethereum is a decentralized platform based on smart contracts. It enables developers to create markets that transfer money according to the instructions given years ago. Blockchain is distinguished by two key characteristics: immutability and decentralization. Deals are completed faster; Transactions and authentication are completed in a matter of seconds, and much more.
Authors and Affiliations
Mrinal Paliwal, Pankaj Saraswat
Keywords
Related Articles
- EP ID EP747107
- DOI 10.55524/ijircst.2021.9.6.29
- Views 29
- Downloads 0
Efficient Secured Two Party Computing with Encrypted Data for Public Cloud
In this project we intervened certificateless encryption plan without matching operations for safely imparting public cloud. Intervened certificateless open key encryption (mCL-PKE –Mediated certificateless public key en...
A Comprehensive Review of the Significance of Low-code Automation in Risk Management for Banks
This study provides a comprehensive examination of the influence of low-code development platforms in the risk management area within the banking sector. This research delves into the tactical utilization of low-code aut...
A Study on Farm Insurance in India
Cultivating different societies involves functional dangers. Normal disasters can possibly hurt agrarian result. Crop protection is only a procedure that might be used to defend against creation chances in cultivating, a...
AI Based Traffic and Automobile Monitoring System
We live in a world where technology is constantly changing and upgrading, so this change gave birth to artificial intelligence (AI). When intelligence is shown by humans it’s called human intelligence, but when machines...
Integration of Heterogeneous Distributed Database Based on E-Commerce System
The rapid expansion of internet systems, ease of availability and so on reduction in operating costs, and spread of internet access have created colossal of electronic data. The disseminate nature of our internet system...