A blockchain is principally a distributed database of records or public ledger of all transactions or digital events that are executed and shared among the participating parties. Once entered, information can never be erased. The blockchain encompasses a precise and supportable record of each solo transaction ever made in the history of all the transactions. Bitcoin, the decentralized digital currency, is that the most well liked example that uses blockchain technology. The digital currency bitcoin itself is extremely controversial but the underlying blockchain technology has worked flawlessly and located a good range of applications in both the financial and nonfinancial world. Anirvan Vinod "Expanding Beyond Cryptocurrency in the Digital World using Blockchain Technology" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd43871.pdf Paper URL: https://www.ijtsrd.com/computer-science/other/43871/expanding-beyond-cryptocurrency-in-the-digital-world-using-blockchain-technology/anirvan-vinod
International Journal of Trend in Scientific Research and Development (IJTSRD)
Volume 5 Issue 5, July-August 2021 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD43871 | Volume – 5 | Issue – 5 | Jul-Aug 2021
Page 624
Expanding Beyond Cryptocurrency in the
Digital World using Blockchain Technology
Anirvan Vinod
Anna University, Information Technology, Saranathan College of Engineering, Tiruchirappalli, Tamil Nadu, India
ABSTRACT
A blockchain is principally a distributed database of records or public
ledger of all transactions or digital events that are executed and
shared among the participating parties. Once entered, information can
never be erased. The blockchain encompasses a precise and
supportable record of each solo transaction ever made in the history
of all the transactions. Bitcoin, the decentralized digital currency, is
that the most well-liked example that uses blockchain technology.
The digital currency bitcoin itself is extremely controversial but the
underlying blockchain technology has worked flawlessly and located
a good range of applications in both the financial and nonfinancial
world.
KEYWORDS: Blockchain, Bitcoins, Peers, Decentralized,
Transactions, Cryptocurrencies
How to cite this paper: Anirvan Vinod
"Expanding Beyond Cryptocurrency in
the Digital World using Blockchain
Technology"
Published
in
International Journal
of
Trend
in
Scientific Research
and Development
(ijtsrd), ISSN: 2456-
6470, Volume-5 |
Issue-5, August 2021, pp.624-629, URL:
www.ijtsrd.com/papers/ijtsrd43871.pdf
Copyright © 2021 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)
I.
INTRODUCTION
The key premise of blockchain technology is that the
blockchain launches the system of fashio