Chapter Nine: Architecture of blockchain

Shubhani Aggarwal; Neeraj Kumar    Thapar Institute of Engineering & Technology, Patiala, Punjab, India

Abstract

A blockchain technology allows untrusting parties with common interests to cocreate a permanent, unchangeable, and transparent record of exchange and processing without relying on a central authority. It serves as an immutable ledger that allows transactions to take place in a decentralized manner and secured by cryptographic primitives. Its exceptional characteristics include irreversibility, decentralization, persistence, and anonymity. With these advantages, it has found applications in almost all fields requiring data sharing among multiple parties but with secure authentication, ...

Get The Blockchain Technology for Secure and Smart Applications across Industry Verticals now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.