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 43
- Downloads 0
Alternative Russian-Latin Transliteration
An alternative transliteration of Russian letters in Latin is proposed, including only four digraphs, which differs favorably from previous ones in using all 26 letters of the Latin alphabet (plus an apostrophe) and in l...
Evaluation of Concrete with Glass and Coconut Shell in Place of Coarse Aggregate and Partially Replaced Cement
Supplies for building are getting more expensive every day. The two essential components of the concrete are pozzolanic material and crushed rock. These days, a lot of scientists are investigating building materials that...
Gender-Driven Emotion Recognition System Using Speech Signals For Human Computer Intelligent Interaction
This paper proposes a peculiar and very important developing area concerns the remote monitoring of elderly or ill people. Indeed, due to the increasing aged population, Human-Computer Intelligent Interaction (HCII) syst...
Management of Surface and Underground Water: A Possibility to Improve Irrigation Effectiveness
Conjunctive usage management may be used in a variety of contexts, and there do not seem to be any instances where it should not be used. Conjunctive usage management that is planned is much superior to spontaneous conju...
Pyrolysis of Municipal Solid Waste (MSW) For Biofuel Production: An Analysis of the Impacts of MSW Components and Catalysts
With the awareness of the depletion of fossil fuels, research into alternative energy sources has begun. Biomass is a sustainable energy source that may be used to make biofuels. These biofuels are then utilized to gener...