Private Transactions and Mining of Crypto Currency Using Block Chain

2020 ◽  
Vol 12 (05-SPECIAL ISSUE) ◽  
pp. 1426-1431
Author(s):  
Monika R ◽  
Mukka Priyanka ◽  
Aishwarya R
Keyword(s):  

Recently, there has been a continuous occurrence of a security incident on a crypto currency exchange. This background is not related to the current social situation. This is because the social interest in crypto currency provides an attacker with a chance to attack. In this paper, we have started to investigate the relationship between crypto currency and security incidents of block chain. This paper focuses on analysis of crypto currency event of block chain. In this paper, we analyzed the amount of Google data retrieval around specific keywords during a specific period. And we analysis the relevance of this keyword to specific keywords related to security. For example, we analyzed the decrypted bitch coin or etherium, the nice money exchange, nicehash, coincheck, BTCglobal, BITGRAIL, Blackwallet. We are focused on the relationship between the time of the security incident and the public awareness of the related crypto currency exchange. According to the results of the study, it can be assumed that a security incident occurred at a certain point in each exchange. Through this study, we were able to confirm public interest in crypto currency miners. I was able to confirm the degree of interest by time. Cryptographic digger was mainly focused on BitMiner, CGMiner, MultiMiner, and BFGMiner. Most of the public interest in these mining equipment is peaking in December 2017. We also looked at public interest in cryptic bit coin and etherium, mainly in December 2017. The results of this paper can be used to analyze the point of time of the attack on the crypto currency exchange. Crypto currency exchange attacks will continue to occur in the future. If so, when is this attack going to take place? At that point, we need to know at what point the exchange will have public interest. At that point, we should also look at the exchange for vulnerabilities.


Author(s):  
Prof. Sushma Laxman Wakchaure ◽  
Shinde Bipin Balu ◽  
Bhabad Vasant M. ◽  
Dnyandev S. Musale ◽  
Supriya S. Burhade

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. You have probably heard of Blockchain in the past few years, mostly in the context of crypto currency. However, Blockchain has grown to have several different applications. The significant part about Blockchain is that it is never under the complete control of a single entity due to being entirely consensus-driven. It can never change the data you store in the Blockchain used widely in sharing medical data in the healthcare industry. Due to the security that Blockchain provides, this data can be shared among parties seamlessly. Another application of Blockchain is in maintaining the integrity of payment systems. Blockchain-based payment systems are immune to external attacks and theft. Blockchain can also be used in tracking the status of products in a supply chain in real-time.


Voting is the principal incident in any democratic country. Generally voting is done using ballots system, but this technique is ancient and can be easily sabotaged. There is a necessity to bring in new technologies to ensure effective implementation of digital voting systems. The security of digital voting is a significant aspect for implementation and must meet the requirements to be appropriate for trust worthiness. Block chain technology provides reliable electronic voting system that can be secured by adding more decision so that the possible attacks can be avoided. Block chain technology based on crypto currency implements diffused database architecture with transaction records secured by transactions.


2021 ◽  
Vol 4 (2) ◽  
pp. 15
Author(s):  
Sarwat Liaqut ◽  
Ammar Siddiqui

Cryptocurrency used an online ledger with highly strong cryptography to secure online transactions. There are multiple cryptocurrencies traded publically that imparts an important role on the behavioral intention of users. The disruption in the economy of the world has provided some opportunities for the development of virtual money or cryptocurrencies so that financial crises of individuals can be removed. The study adapted Theory of Acceptance Model (TAM) that explains the factor that effect behavioral intention of the users of cryptocurrency. The data was collected through survey questionnaire from 177 participants to measure the impact of cryptocurrency on the behavioral intention of users. The findings of this study revealed that multiple factors such as social influence, facilitating conditions, financial literacy, and perceived risk of cryptocurrency imparts an important role on the behavioral intention of individuals to use cryptocurrencies. Moreover the findings will propose numerous methods to function with a greater chance of success in the block chain-related services and cryptocurrencies markets.


2021 ◽  
Vol 10 (3) ◽  
pp. 153-167
Author(s):  
Erdogan Kaygin ◽  
Yunus Zengin ◽  
Ethem Topcuoglu ◽  
Serdal Ozkes

Abstract Technological developments have always led to changes in all aspects of our lives. Crypto currency is one of those changes. As a result of those changes, thousands of currencies such as bitcoin, ripple, litecoin and ethereum have evolved and have found a use in business. The present study focuses upon Ripple and tries to explain its effects on banks and business theoretically. It has been stated that the money transfer performed through Ripple is faster and more economical when compared to present systems. Additionally, it has been realised that the present SWIFT system has been influenced by that speed and economy, and therefore taken considerable technologic steps with an effort to improve its system.


Nowadays, crypto currency has become a trending theme within the software package globe. Crypto currency may be a digital quality that’s meant to operate as a dealings medium that utilizes sturdy cryptography to secure asset exchange and make sure plus transfer. Crypto currency is in addition spoken as digital suburbanised cash. Block chain stores knowledge concerning dealings which will be accustomed assess transaction trait. This voting system deals with multi chain block chain technology. We can define block chain as a digital transaction which is used to record financial transactions also as totally different transactions. As a result of the knowledge keep within the block chain isn’t related to personal identifiable information, it’s such a fanonymity attribute. Blockchain allows dealings and verification to be clear. The options of this block chain technology are useful in powerful voting system,robustness, obscurity and transparency. The electoral system is our country’s core. Veri- fication of fingerprints employed in this theme to authenticate identity of electors.


Block chain is a fast growing technology and its gains its popularity after the invention of bit coin and crypto currency. Now a day’s block chain is used in many real time applications that involve a lot of transaction. But still there lies confusion between storage in block chain and storage in database. This paper describes about the difference in database and block chain in their purpose, design, and topology. It also describes about the pros and cons of both storage structure and also about its applications


Author(s):  
Shahanawaj Ahamad ◽  
Priti Gupta ◽  
Purnendu Bikash Acharjee ◽  
K. Padma Kiran ◽  
Zarrarahmed Khan ◽  
...  

2020 ◽  
Vol 15 (3) ◽  
pp. 139
Author(s):  
Lim Hong Hin

This research article is based on the current research issues on crypto-currency and its application in financial sectors. The researcher stated that crypto- currency attracted a significant attention and has been adopted in numerous applications, such as smart grid and Internet of Things (IoT) have a high scalability barrier for block-chain which limits its ability to support services with frequent transactions. In this research paper the researcher emphasized that some of the significant research issues on decentralized, peer to peer financial networks face risks such as fraud and suspicious trading, volatile price fluctuations, regularity uncertainty, and instability in financial sectors. This research study shows the huge growth of online users, virtual word concept which are created a new business phenomenon to facilitate financial activities such as buying, selling and trading. This research article analyzed the user’s expectation of future of crypto-currency in financial sectors at different significant level. In addition to this the researcher also discussed a statistical report which is adopted from the Statistic to provide a future direction of money regulatory in financial sector.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amol Thakre ◽  
Fadi Thabtah ◽  
Seyed Reza Shahamiri ◽  
Suhel Hammoud

Bitcoin is among the highest rated digital crypto-currency in financial investment markets. This technology relies on a backbone of distributed data architecture and peer-to-peer networking model called Blockchain. Unlike the current digital economy, which is governed centrally by financial institution or governments, Blockchain is fully autonomous without any third-party involvement. The exorbitant success of Bitcoin has attracted investors, scholars as well as organizations to peek into this lucrative technology for the possible application to other areas apart from crypto-currency. Blockchain can adopt Smart Contracts, which are digitally enabled contracts that can be executed and enforced fully or partially using pre-defined notions. The aim of this research is to investigate the synergy between Smart Contract and Blockchain to propose a digital framework for an academic paper publication model that has the capability to automate the entire process and challenge the existing system. It can also bring together all the stakeholders under the same system. The proposed model can further hold the stakeholders accountable for breach of contracts and/or reward them for executing the successes of terms pre-configured in the Smart Contract. The proposed model, called Digital Smart Publication or DSP (as referred in the document), is highly secure and ensures balance in distributing rewards to the involved stakeholders while keeping data integrity and security as paramount features.


Sign in / Sign up

Export Citation Format

Share Document