An in depth exploration on Blockchain Technology using Cryptocurrency

Abstract

Blockchain is a suite of distributed ledger that can be programmed to record and track any significant data. The most important use of blockchain technology is the Bitcoin Cryptocurrency. Blockchain records every Bitcoin transaction that has ever happened. This makes the transaction ever so secure and unchangeable. The most functional and paramount attributes of the blockchain are security, anonymity, and data integrity without any intermediaries to control the transactions. In this research we have demonstrated the Bitcoin Cryptocurrency through Blockchain technology. Blockchain can be programmed to record financial transactions, medical records or even land titles. Although we already have processes (like bank, clinic, etc.) in place to track data, blockchain stands to revolutionize the way in which we interact with each other. It is a peer-to-peer interaction with the data that modernize the way we access, verify and transact with one another. Many other blockchain quantifiable related challenges including throughput and latency have been left unstudied.