Blockchain Technology

10 Blockchain TechnologyMyths, Realities and Future

Ashish K Sharma, Durgesh M Sharma, Neha Purohit, Sangita A. Sharma and Atiya Khan

DOI: 10.1201/9781003138082-10

Contents

10.1 Introduction

10.2 Blockchain

10.2.1 Blockchain Architecture

10.2.1.1 Transactions

10.2.1.2 Block

10.2.1.3 P2P Network

10.2.1.4 Consensus Algorithm

10.2.2 Types of Blockchain

10.2.2.1 Public

10.2.2.2 Federated

10.2.2.3 Private

10.2.3 Benefits of Blockchain

10.2.3.1 Better Transparency

10.2.3.2 Improved Security

10.2.3.3 Better Efficiency and Speed

10.2.3.4 Cost Effective

10.3 Literature Survey

10.4 Myths and Realities or Facts

10.4.1 Myth 1: Blockchain Is a Magical Database in the Cloud or Blockchain Does Not Store Any Type of Document

10.4.2 Reality

10.4.3 Myth 2: ...