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 1
- Downloads 0
Fiber Reinforced High Volume Fly Ash Concrete for Rigid Pavement
The most popular man-made construction material in use today is concrete. It is made by combining cementitious ingredients, water, aggregate, and occasionally admixtures, in the proper ratios. Fresh concrete, also referr...
A New Approach of BLDC Motor Using Fuzzy Fractional Order PID
In order to manage the speed of brushless DC (BLDC) motors, this research presents a novel hybrid control method that simultaneously regulates the DC bus voltage of the inverter and the BLDC motor reference current. A fr...
Machine Learning Approaches in Spatial Data Mining
This review paper surveys the integration of machine learning techniques in spatial data mining, a crucial intersection of geographic information systems and data mining. It examines the application of various machine le...
A Review Paper on Slit Erosion
The eruptive wearing of hydrokinetic blades is a complex operation impacted by a number of elements such as silt size, softness and concentrations, flow speed, and foundation materials properties. As eruptive attrition a...
Why Python is Most Famous
We now have a plethora of programming languages to meet our requirements, but the most pressing issue is how to teach programming to beginners. We recommend Python for this job in this article since it is a programming l...