Intelligent Analytics for Industry 4.0 Applications

17 Blockchain and Bitcoin Security in Industry 4.0

Yadunath Pathak and Praveen Pawar

Visvesvaraya National Institute of Technology

DOI: 10.1201/9781003321149-17

Contents

• 17.1 Introduction
• 17.2 Blockchain Architecture
• 17.3 How Bitcoin Works?
• 17.4 Challenges in the Bitcoin Implementation: Security Threats
  • 17.4.1 Bitcoin Protocol
  • 17.4.2 Bitcoin Services
  • 17.4.3 Other Factors
• 17.5 Rise of Bitcoin Value
• 17.6 Consensus Algorithms in Blockchain
  • 17.6.1 Proof of Work (PoW)
  • 17.6.2 Proof of Stake (PoS)
  • 17.6.3 Pure Stake-Based Consensus
  • 17.6.4 Proof of Elapsed Time (PoET)
  • 17.6.5 Proof of Activity (PoA)
  • 17.6.6 Proof of Burn (PoB)
• 17.7 Various Social Blockchain Applications
• 17.8 Conclusion
• References

17.1 Introduction

Blockchain, which Satoshi Nakamoto ...