A Study on Blockchain Technology

Author(s)	Sanchin Danole, Madhur Jain
Country	India
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
Field	Engineering
Published In	Volume 5, Issue 4, July-August 2024
Published On	2024-08-30

About AIJFR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-91574-37535	editor@aijfr.com

Advanced International Journal for Research