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Erschienen in:
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2019 | OriginalPaper | Buchkapitel

2. Blockchain and Internet of Things

verfasst von : Liehuang Zhu, Keke Gai, Meng Li

Erschienen in: Blockchain Technology in Internet of Things

Verlag: Springer International Publishing

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Abstract

Bitcoin (Nakamoto, Bitcoin: A peer-to-peer electronic cash system [Online] (2009). https://​bitcoin.​org/​bitcoin.​pdf) has attracted extensive attentions from both academia and industry, which initiates a wave of cryptocurrency. It has been widely believed that Blockchain (Bonneau et al., SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies, in Proc. IEEE Symposium on Security and Privacy (S&P) (2015), pp. 104–121; Narayanan et al., Bitcoin and cryptocurrency technologies (2016), pp. 1–308. http://​www.​freetechbooks.​com/​bitcoin-and-cryptocurrency-technologies-t938.​html; Zhang et al., Int J Web Grid Serv 1–25, 2017; Dinh et al., IEEE Trans Knowl Data Eng 30(7):1366–1385, 2018) is the fundamental mechanism for running Bitcoin. Essentially speaking, blockchain technique used in Bitcoin is a public, distributed, and append-only ledger that is maintained and governed by a group of financially motivated miners who do not trust each other. In order to establish a trust environment, transactions (generated by users) are validated by miners and are recorded in a chain of blocks. Blocks are periodically created based on the consensus algorithms appended to the chain. This application formulates a few key characteristics of blockchain, such as distributed ledger storage, transparent operation, and tamper-resistant record.

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Vorheriges Kapitel Introduction
Nächstes Kapitel Security and Privacy Issues in Internet of Things
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Metadaten
Titel
Blockchain and Internet of Things
verfasst von
Liehuang Zhu
Keke Gai
Meng Li
Copyright-Jahr
2019
Buch
Blockchain Technology in Internet of Things

Print ISBN: 978-3-030-21765-5

Electronic ISBN: 978-3-030-21766-2

Copyright-Jahr: 2019

DOI
https://doi.org/10.1007/978-3-030-21766-2_2