Call for Papers:Vol.10 Issue.6

Submission
Last date		 30-Dec-2024
Acceptance Status In One Day
Paper Publish In Two Days
Submit ManuScript

News & Updates

Submit Article

Dear Authors, Article publish in our journal for Volume-10,Issue-6. For article submission on below link: Submit Manuscript


Join As Board

Dear Reviewer, You can join our Reviewer team without given any charges in our journal. Submit Details on below link: Join As Board


Paper Publication Charges

IJARIIE APP
Download Android App

For Authors

Archives

IJARIIE Board

Downloads

Android App

Download IJARIIE APP

Authors

Title: :  BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION
PaperId: :  19938
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 9 Issue 3 2023
DUI:    16.0415/IJARIIE-19938
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Shivam Ajay GadeGenba Sopanrao Moze College of Engineering, Balewadi, Pune , India
Jayshri MankarGenba Sopanrao Moze College of Engineering, Balewadi, Pune , India
Abhishek Gulabrao IngleGenba Sopanrao Moze College of Engineering, Balewadi, Pune , India
Kshitij Ramdas BramhneGenba Sopanrao Moze College of Engineering, Balewadi, Pune , India

Abstract

Computer Engineering
Digital Currency, Electronic Cash, Proof-of-work
There was no mechanism in place before Bitcoin that allowed any two willing parties to conduct transactions without the intervention of a third party. To prevent fraud, third parties were brought into the process. As a result, enlisting a third party resulted in additional transaction fees, which is a disadvantage of the current online transaction system. Due to the ease with which digital tokens can be reproduced and the inability of transaction parties to verify the digital currency's legitimacy, double-spending is a problem with digital currencies. Bitcoin has a process in place to prevent double-counting and ensure that each transaction is genuine. Bitcoin is a cryptocurrency that is built on encryption, blockchain, and a peer-to-peer electronic cash system. Because there are no prerequisites, the Bitcoin network is rapidly expanding. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and re-join the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

Citations

Copy and paste a formatted citation or use one of the links to import into a bibliography manager and reference.

IJARIIE Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, and Kshitij Ramdas Bramhne. "BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION" International Journal Of Advance Research And Innovative Ideas In Education Volume 9 Issue 3 2023 Page 1147-1152
MLA Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, and Kshitij Ramdas Bramhne. "BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION." International Journal Of Advance Research And Innovative Ideas In Education 9.3(2023) : 1147-1152.
APA Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, & Kshitij Ramdas Bramhne. (2023). BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION. International Journal Of Advance Research And Innovative Ideas In Education, 9(3), 1147-1152.
Chicago Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, and Kshitij Ramdas Bramhne. "BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION." International Journal Of Advance Research And Innovative Ideas In Education 9, no. 3 (2023) : 1147-1152.
Oxford Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, and Kshitij Ramdas Bramhne. 'BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION', International Journal Of Advance Research And Innovative Ideas In Education, vol. 9, no. 3, 2023, p. 1147-1152. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/BLOCKCHAIN_BASED_PAYMENT_METHOD_FOR_SECURE_TRANSACTION_ijariie19938.pdf (Accessed : 22 July 2024).
Harvard Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, and Kshitij Ramdas Bramhne. (2023) 'BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION', International Journal Of Advance Research And Innovative Ideas In Education, 9(3), pp. 1147-1152IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/BLOCKCHAIN_BASED_PAYMENT_METHOD_FOR_SECURE_TRANSACTION_ijariie19938.pdf (Accessed : 22 July 2024)
IEEE Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, and Kshitij Ramdas Bramhne, "BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION," International Journal Of Advance Research And Innovative Ideas In Education, vol. 9, no. 3, pp. 1147-1152, May-Jun 2023. [Online]. Available: https://ijariie.com/AdminUploadPdf/BLOCKCHAIN_BASED_PAYMENT_METHOD_FOR_SECURE_TRANSACTION_ijariie19938.pdf [Accessed : 22 July 2024].
Turabian Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, and Kshitij Ramdas Bramhne. "BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 9 number 3 (22 July 2024).
Vancouver Shivam Ajay Gade, Jayshri Mankar, Abhishek Gulabrao Ingle, and Kshitij Ramdas Bramhne. BLOCKCHAIN BASED PAYMENT METHOD FOR SECURE TRANSACTION. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2023 [Cited : 22 July 2024]; 9(3) : 1147-1152. Available from: https://ijariie.com/AdminUploadPdf/BLOCKCHAIN_BASED_PAYMENT_METHOD_FOR_SECURE_TRANSACTION_ijariie19938.pdf
BibTex EndNote RefMan RefWorks

Number Of Downloads


Last download on 7/22/2024 10:22:12 AM

Save in Google Drive

Similar-Paper

TitleArea of ResearchAuther NameAction
A Review on Ad Makers- Creation & Design Advertising CampaignsComputer EngineeringSwapnil Ohol1 Download
DETECTING FACIAL FORGERIES USING NOVEL FREQUENCY CONVOLUTIONAL NEURAL NETWORKComputer ScienceChikati Madhava Rao Download
Detecting Diabetes Early and Classifying Risk with Interpretable Deep Learning ModelsComputer ScienceMohmad Ahmed Ali Download
Enhance Accuracy of Medical Disease Prediction Using Machine Learning TechniquesMachine LearningSandeep Singh Sikarwar Download
Transformer-based Generative Adversarial Network (GAN) hybrid model for sentiment analysisInformation Technologyhridesh kumar Download
A Step Ahead in Operational Resilience - Integrating Observability with DevOpsComputer EngineeringAmit Sengupta Download
The Influence of Artificial Intelligence and Human-Computer Interaction on Enhancing Children's Learning ExperiencesComputer Engineering,Supriya S Kendhuli Download
Medicinal Plants Identification Using Deep LearningComputer Engineering Rohan Kumar Verma Download
“How to balance automation and ethics when rolling out AI automation in an Educational Framework”Computer SciecneSudhakar mishra Download
Microservices Fault Tolerance PatternsComputer EngineeringAmit Sengupta Download
Forecasting and Categorization of Cardiac Arrhythmia using Soft Computational ApproachesComputer Science and EngineeringDr. Sivaprakash. C Download
Enhancing CybersecurityComputer EngineeringG Tarun Download
Microservices Design PatternsComputer EngineeringAmit Sengupta Download
The Novel Approach to Detect Kidney Stones Using Deep Learning and Convolutional Neural NetworksCSEN Manjunatha Download
An investigation into the use of deep learning and image processing in the domain of diabetic medical careCSEHR Ravikumar Download
12