Blockchain Technology

8 A Complete Study on the Major Protocols of Blockchain

S. Palanikumar and Sivaprasad Abirami

Noorul Islam Centre for Higher Education Shah and Anchor Kutchhi Engineering College

CONTENTS

8.1    Introduction

8.2    Blockchain Basics

8.2.1    Peer-to-Peer Network (P2P)

8.2.2    Distributed Ledger System

8.2.3    Key Cryptography

8.2.4    Hashing

8.2.5    Proof of Work

8.3    Blockchain Protocols

8.3.1    Bitcoin Protocol

8.3.1.1    What Is Bitcoin?

8.3.1.2    Why Bitcoin?

8.3.1.3    Features of Bitcoin

8.3.1.4    Transactions

8.3.2    Ethereum Protocol

8.3.2.1    What Is Ethereum?

8.3.2.2    Why Ethereum?

8.3.2.3    Transaction

8.3.3    Ripple Protocol

8.3.3.1    What Is Ripple?

8.3.3.2    Why Ripple?

8.3.3.3    Transaction

8.3.4    Litecoin ...