Chapter 2 Blockchain and its applications A review

Parul Choudhary and Pooja Pathak

GLA University, Mathura, Uttar Pradesh

DOI: 10.1201/9781003407409-2

Contents

  1. 2.1 Introduction
  2. 2.2 Blockchain architecture
  3. 2.3 Working of blockchain
  4. 2.4 Application
  5. 2.5 Conclusion
  6. References

2.1 Introduction

Unlike conventional approaches, blockchain allows digital assets without intermediaries to be transferred peer-to-peer [1]. Blockchain was initially developed to support the popular Bitcoin cryptocurrency. Bitcoin was first suggested by Nakamoto in 2008 and put into effect in 2009 [2]. In 2016, the stock market grew by $10 billion. Blockchain ...

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