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India | Information Technology | Volume 8 Issue 8, August 2019 | Pages: 703 - 705
Bitcoin and its Real Time Applications
Abstract: The working design of Bitcoin transaction in peer-to-peer network is explained, the security features of Bitcoin including circulation and alteration in the previous Bitcoin transaction is illustrated. Results on the future application of Bitcoin and the possibility of replacement of Bitcoin are discussed. The important factors that determine the future of Bitcoin circulation, price, and scope in future are analyzed which only prove that Bitcoins are here to stay. Applications of Bitcoin include Bitcoins as a transmission of renewable energy such as solar energy, Bitcoin Satellite which enable the latest transaction data processed by the Bitcoin network, and Kryptoradio that facilitates the broadcasting of the transaction data and provide updates using radio waves.
Keywords: open source, peer-to-peer P2P, cryptography, bitcoin, blockchain
How to Cite?: Rishika Malli, "Bitcoin and its Real Time Applications", Volume 8 Issue 8, August 2019, International Journal of Science and Research (IJSR), Pages: 703-705, https://www.ijsr.net/getabstract.php?paperid=ART2020302, DOI: https://dx.doi.org/10.21275/ART2020302