Blockchain beyond cryptocurrencies

Suraj Subramanian; Mr. V Pandarinathan | Dr. D. Rajinigirinath; Pradeep Murugan

Title:
Blockchain beyond cryptocurrencies

Authors:
Pradeep Murugan | Suraj Subramanian | Mr. V Pandarinathan | Dr. D. Rajinigirinath
DOI:
https://doi.org/10.31142/ijtsrd11589

Cite This Article :

Pradeep Murugan | Suraj Subramanian | Mr. V Pandarinathan | Dr. D. Rajinigirinath "Blockchain beyond cryptocurrencies" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-3, April 2018, pp.1999-2004, URL: https://www.ijtsrd.com/papers/ijtsrd11589.pdf

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Abstract :
A new model for building massively scalable and profitable applications is emerging. Bitcoin paved the way with its cryptographically stored ledger, scarce-asset model, and peer-to-peer technology. These features provide a starting point for building a new type of software called decentralized applications, or dapps. They are more flexible, transparent, distributed, resilient, and have a better incentivized structure than current software models. Centralized systems are currently the most widespread model for software applications. Centralized systems directly control the operation of the individual units and flow of information from a single center. Blockchain, a massively replicated database of transactions that’s able to avoid Sybil attacks. For the first time, the blockchain lets us achieve decentralized consensus without the use of a centralized server.

Keywords :
Blockchain, Decentralized applications, Proof of work, Cryptography, Smart contracts

Publication Details:

Unique Identification Number : IJTSRD11589

Published In : Volume-2 | Issue-3, April 2018

Page Number(s) : 1999-2004

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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