Blockchain Technology: Cryptocurrency Application Arena
Journal Title: Engineering and Technology Journal - Year 2024, Vol 9, Issue 09
Abstract
Blockchain technology is most commonly utilized in the digital currency industry. The distributed and decentralized nature of blockchain technology aids in resolving several problems with knowledge processing security, transparency, trust, and dependability in businesses and organizations. Blockchain is a decentralized, peer-to-peer ledger or database that can be used safely with cryptocurrencies to manage all online transactions. Every node that updates its ledger to confirm a new node before adding it to the blockchain does so by updating the ledger with any modifications made. The most recent version of this ledger is then broadcast around the network. The collection of all transactions carried out by different users is known as the blockchain ledger or database. In its most basic form, a blockchain is a distributed ledger that keeps track of individual transactions in a tamper-proof manner. Each block in the chain is linked to the others in a linked list, and each block contains a timestamp and a link to a previous block that provides security. This manuscript will review the many forms of blockchain, how they function, and how they support cryptocurrencies like Litecoin, Ethereum, and Bitcoin
Authors and Affiliations
Ms. Priyanka , Dr. Ritu Makani,
Keywords
Related Articles
- EP ID EP745642
- DOI 10.47191/etj/v9i09.20
- Views 39
- Downloads 0
Studies on Strength Properties of RC Beam Column joint With Basalt Reinforcement
In recent earthquakes it Is observed that the beam column joint is more exposed to lateral loads due to which the joints undergoes severe deformations leading to yielding of the joints and the overall structure. . Poor d...
TURBIDITY-HYSTERETIC RESPONSE IN RIVER OSE, ONDO STATE, NIGERIA
Concentration-Discharge relationships are a key tool for understanding the sources and transport of material from watersheds to fluvial networks. Turbidity based estimating of suspended sediment concentration is widely u...
Exploring the Effectiveness of Different Morphed Face Generation Techniques: A Comparative Analysis
Generating morphed faces has become an important area of research with various applications. Traditional morphing techniques have limitations in accuracy and realism, especially when dealing with complex facial expressio...
Modeling Smart City of Kendari City: Gap Analysis and Strategic Potential
Kendari has significant potential to develop into a smart city. Urban infrastructure, such as road networks, public services, and the availability of internet and technology, has improved in recent years. However, the ch...
DESIGN DESIGN AND CONSTRUCTION OF HOME-MADE SOURCE MEASURE UNIT
The voltage values used in an IV measurement often depend on the specific electronic components being tested. For example, to test a solar cell, voltage values in the range of -3 V - 3 V are sufficient, while for an LED...