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Informative Article | Information Technology | India | Volume 7 Issue 5, May 2018

Blockchains

Shanthi D L | Shruthi S R

Abstract: A Blockchain is a decentralized and distributed ledger of all the transactions which takes place involving multiple parties. What Blockchain typically be spit as a block that is a record of new transactions and chain which is the blocks added back to back forming a chain. It ensures high level of security as the transactions which take place are distributed in several computers in the world as different copies. Each transaction that occurs in a Blockchain network is verified, only upon the consent of the majority party of the users participating in this process. Blockchain is one of the rising innovations in this day and age and a great deal of transformation and research has quite recently started in regards to this dispersed innovation. Here, we will diagram the underlining ideas about this new innovation. We will endeavor to look a bit into its applications in the budgetary and non monetary division. It isn & #039, t just the most famous point to talk about, however is the most mechanical leap forward, that is good to go to alter the world.

Keywords: Blockchains, distributed ledger, Bitcoin, crypto currency, security

Edition: Volume 7 Issue 5, May 2018,

Pages: 489 - 491