Blockchain Technology

2 Blockchain

A Review of Protocols and Standards

S. Gomathi

Francis Xavier Engineering College

Mabel Finney

Infoziant IT Solutions (P) Ltd.

P. J. Beslin Pajila

Francis Xavier Engineering College

CONTENTS

2.1    Introduction

2.1.1    Key Elements of Blockchain Technologies

2.1.1.1    Decentralized

2.1.1.2    Transparent

2.1.1.3    Open Source

2.1.1.4    Autonomy

2.1.1.5    Immutable 15

2.1.1.6    Anonymity

2.1.1.7    Tamper-Proof

2.1.1.8    User Empower

2.1.1.9    Peer-to-Peer Network

2.1.1.10    Blocks

2.1.2    Types of Blockchain

2.2    Blockchain Protocol

2.2.1    Important Features of a Blockchain Protocol

2.2.2    Different Blockchain Protocols

2.2.2.1    Bitcoin

2.2.2.2    Ethereum

2.2.2.3    Ripple

2.2.2.4    Hyperledger

2.2.2.5    R3’s ...