Bitcoin Wallet Transaction using Peer-to-Peer Network

Authors(2) :-M. Jancy Priya, R. Sathya

A peer–to-peer allows online payments that sent directly from one party to another party without going through the financial institution. Digital signature is a part but the main benefit is lost, if a Trusted Third Party is still required to prevent digital signature. This digital signature uses peer–to-peer network. The network timestamps transaction by hashing them into an on-going chain of hash-based proof-of-work is done; it records that and cannot be changed without redoing the proof-of-work. The majority of CPU work is controlled by nodes. That are not cooperating to attack the network, they will generate the longest chain and outspace attackers.

Authors and Affiliations

M. Jancy Priya
Assistant Professor, Department of Computer Applications, Bon Secours College for Women, Thanjavur, Tamilnadu, India
R. Sathya
Assistant Professor, Department of Computer Applications, Bon Secours College for Women, Thanjavur, Tamilnadu, India

Trusted Third Party, Timestamps Transaction, Proof-of-work and Bitcoin.

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Publication Details

Published in : Volume 3 | Issue 7 | September-October 2017
Date of Publication : 2017-10-31
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 1014-1018
Manuscript Number : IJSRST173786
Publisher : Technoscience Academy

Print ISSN : 2395-6011, Online ISSN : 2395-602X

Cite This Article :

M. Jancy Priya, R. Sathya, " Bitcoin Wallet Transaction using Peer-to-Peer Network", International Journal of Scientific Research in Science and Technology(IJSRST), Print ISSN : 2395-6011, Online ISSN : 2395-602X, Volume 3, Issue 7, pp.1014-1018, September-October-2017.
Journal URL : https://ijsrst.com/IJSRST173786
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