Technology Fundamentals of Blockchain and Consideration for Blockchain Security
U. Sai Ram1, B. Surya Samantha2
1U. Sai Ram, Assistant Professor, Department of Information Technology, CBIT, Hyderabad (Telangana), India.
2B. Surya Samantha, Assistant Professor, Department of Information Technology, CBIT, Hyderabad (Telangana), India.
Manuscript received on 15 June 2019 | Revised Manuscript received on 11 July 2019 | Manuscript Published on 17 July 2019 | PP: 415-420 | Volume-8 Issue-1C2 May 2019 | Retrieval Number: A10680581C219/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Blockchain has actually attracted interest as the next-generation economic technology because of its security that fits the informatization age. Extensive study is presently being performed in both the academic community and also sector using the Blockchain technology in many applications. Proof-of-Work, a cryptographic challenge, plays an important rôle in making certain BC security by keeping an electronic journal of purchases, which is taken into consideration to be incorruptible. In addition, BC makes use of an adjustable Public Key (PK) to tape the individuals’ identification, which gives an added layer of privacy.
Keywords: Blockchain (BC), Crypto-currency, Distributed Digital Ledger.
Scope of the Article: Block Chain-Enabled IoT Device and Data Security and Privacy