| Title |
A Study on Blockchain Technology |
| Abstract |
Blockchain, originally the foundation of Bitcoin, has gained significant attention in recent years. It is an immutable ledger that enables transactions to occur in a decentralized manner. Blockchain-based applications are emerging across various sectors, including financial services, reputation systems, and the Internet of Things (IoT). However, several challenges related to blockchain technology, such as scalability and security concerns, still need to be addressed. This paper provides a comprehensive overview of blockchain technology, starting with a description of its architecture and a comparison of some common consensus algorithms used in different blockchains. Additionally, it highlights technical challenges and recent advancements, while also discussing potential future trends for blockchain technology. |
| Keywords |
Blockchain, Bitcoin, immutable ledger, decentralized transactions, blockchain applications, financial services, reputation systems, Internet of Things (IoT), scalability, security, consensus algorithms, blockchain architecture, technical challenges, recent advancements, future trends |
| Research Area |
Engineering |
| Research Paper |
|
| Author(s) |
Sanchin Danole, Madhur Jain |
| Country |
India |
