EMPOWERING APPLICATION WITH EASY TO INTEGRATE BLOCKCHAIN


EOI: 10.11242/viva-tech.01.05.150

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Citation

Ms. Aakanksha Bomble, Ms. Nikhil Naidu, Ms. Prerana Padave, Prof. Kushal Suvarna , "EMPOWERING APPLICATION WITH EASY TO INTEGRATE BLOCKCHAIN ", VIVA-IJRI Volume 1, Issue 5, Article 150, pp. 1-6, 2022. Published by Computer Engineering Department, VIVA Institute of Technology, Virar, India.

Abstract

Satoshi Nakamoto's development of Bitcoin in 2009 has regularly been hailed as an extreme advancement in cash and money, being the principal illustration of a computerized resource which at the similar time has no sponsorship or inherent worth and no unified guarantor or regulator. Nonetheless, another - seemingly more significant - portion of the Bitcoin test is the basic blockchain innovation as an apparatus of appropriated agreement, and consideration is quickly beginning to move to this other part of Bitcoin. So we are utilizing this innovation to make our own blockchain which is reasonable for some specialty areas which defeats the misfortunes of Bitcoin blockchain. The internet is undergoing a transformation: concentrated restrictive administrations are being supplanted with open, decentralised ones; believed parties supplanted with undeniable calculation; fragile area addresses supplanted with versatile substance addresses; wasteful solid administrations supplanted with shared algorithmic business sectors. Bitcoin, Ethereum, and other blockchain networks have gained popularity in recent years. It has demonstrated the utility of decentralized exchange ledgers. We are building blockchain which can be easily integrated. We are using proof of work method in consensus layer. Proof of work (PoW) is a decentralised consensus technique that forces network participants to spend time solving an arbitrary mathematical puzzle in order to prevent the system from being hacked.

Keywords

Blockchain, Decentralized system, Proof of work, Bitcoin, Proof of stake.

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