1Associate Professor, Department of Computer Science, Faculty of Engineering, Teerthanker Mahaveer University, Moradabad, Uttar Pradesh, India, Email Id- vinaym.computers@tmu.ac.in
Blockchain is the newest technology in the realm of internet of things, social media, and cloud computing. Blockchain technology has progressed from an immutable record of cryptocurrency transactions to a programmable interactive environment for developing distributed, dependable apps. The rapid growth of blockchain, as well as its widely accepted uses, has established it as a force to be reckoned with. However, blockchain's use is not restricted to bitcoin or cryptocurrencies. This study expands on the blockchain's stipulations beyond bitcoin. Based on a literature analysis, this paper also provides insights on blockchain technology ideas, evolution, processes, and difficulties. The difficulties or obstacles in using blockchain technology in real-world applications were highlighted in this study. The main issue that has to be solved is the secure deployment of blockchain technology on small size applications. The suggested consensus method would be beneficial for securing blockchain deployment on small-scale applications or projects.
Bitcoin, Blockchain Technology, Lightening Network, Peer-To-Peer, Proof-Of-Stake, Smart Contracts
