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Cluster Computing

Erschienen in:

19.03.2018

Analysis of Blockchain technology: pros, cons and SWOT

verfasst von: M. Niranjanamurthy, B. N. Nithya, S. Jagannatha

Erschienen in: Cluster Computing | Sonderheft 6/2019

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Abstract

Any online transaction that involves digital money is a bit of a challenge these days with the rising threats of hackers trying to steal bank details posted online. This leads to the invention of various kinds of crypto-currency, Bitcoin being one of them. The technology behind using the Bitcoin is popularly called as Blockchain. Blockchain is a digitized, de-centralized, public ledger of all crypto-currency transaction/s. Blockchain tries to create and share all the online transactions, stored in a distributed ledger, as a data structure on a network of computers. It validates the transactions using peer-to-peer network of computers. It allows users to make and verify transactions immediately without a central authority. Blockchain is a transaction database which contains information about all the transactions ever executed in the past and works on Bitcoin protocol. In this analysis paper we discussed what is Blockchain?, SWOT analysis of BC, Types of BC and how Blockchain works along with its advantages and disadvantages.

Vorheriger Artikel Dynamic key dependent AES S-box generation with optimized quality analysis

Nächster Artikel Security algorithm of Internet of Things based on ZigBee protocol

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Titel: Analysis of Blockchain technology: pros, cons and SWOT
verfasst von: M. Niranjanamurthy
B. N. Nithya
S. Jagannatha
Publikationsdatum: 19.03.2018
Verlag: Springer US
Erschienen in: Cluster Computing / Ausgabe Sonderheft 6/2019
Print ISSN: 1386-7857
Elektronische ISSN: 1573-7543
DOI: https://doi.org/10.1007/s10586-018-2387-5

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