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Blockchain Technology: Past, Present, and Future


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1 Jaypee University of Engineering and Technology, Raghogarh, Guna – Madhya Pradesh,, India
     

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The invention of the Internet provided fast communication; however, the lack of trust is the main problem in Internet-based technologies. Blockchain technology is a distributed ledger technology that has established trust in various trustless environment. This article presents a general architecture of blockchain technology along with a brief history. The paper provides the current status and trend of the research in this area. Finally, various existing applications and future possibilities of blockchain technology are also presented

Keywords

Blockchain, Bitcoin, Ledger, Merkle Root, Immutable Records, Cryptocurrency
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  • Blockchain Technology: Past, Present, and Future

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Authors

Meena Kunj Bihari
Jaypee University of Engineering and Technology, Raghogarh, Guna – Madhya Pradesh,, India
Vipin Tyagi
Jaypee University of Engineering and Technology, Raghogarh, Guna – Madhya Pradesh,, India

Abstract


The invention of the Internet provided fast communication; however, the lack of trust is the main problem in Internet-based technologies. Blockchain technology is a distributed ledger technology that has established trust in various trustless environment. This article presents a general architecture of blockchain technology along with a brief history. The paper provides the current status and trend of the research in this area. Finally, various existing applications and future possibilities of blockchain technology are also presented

Keywords


Blockchain, Bitcoin, Ledger, Merkle Root, Immutable Records, Cryptocurrency

References





DOI: https://doi.org/10.24906/isc%2F2022%2Fv36%2Fi2%2F212547