TY - GEN
T1 - Everything You Wanted to Know about the Blockchain
T2 - Its Promise, Components, Processes, and Problems
AU - Puthal, Deepak
AU - Malik, Nisha
AU - Mohanty, Saraju P.
AU - Kougianos, Elias
AU - Das, Gautam
N1 - Publisher Copyright:
© 2012 IEEE.
PY - 2018/7
Y1 - 2018/7
N2 - In 2008, the emergence of the blockchain as the foundation of the first-ever decentralized cryptocurrency not only revolutionized the financial industry but proved a boon for peer-to-peer (P2P) information exchange in the most secure, efficient, and transparent manner. The blockchain is a public ledger that works like a log by keeping a record of all transactions in chronological order, secured by an appropriate consensus mechanism and providing an immutable record. Its exceptional characteristics include immutability, irreversibility, decentralization, persistence, and anonymity.
AB - In 2008, the emergence of the blockchain as the foundation of the first-ever decentralized cryptocurrency not only revolutionized the financial industry but proved a boon for peer-to-peer (P2P) information exchange in the most secure, efficient, and transparent manner. The blockchain is a public ledger that works like a log by keeping a record of all transactions in chronological order, secured by an appropriate consensus mechanism and providing an immutable record. Its exceptional characteristics include immutability, irreversibility, decentralization, persistence, and anonymity.
UR - http://www.scopus.com/inward/record.url?scp=85048775295&partnerID=8YFLogxK
U2 - 10.1109/MCE.2018.2816299
DO - 10.1109/MCE.2018.2816299
M3 - Article
AN - SCOPUS:85048775295
SN - 2162-2248
VL - 7
SP - 6
EP - 14
JO - IEEE Consumer Electronics Magazine
JF - IEEE Consumer Electronics Magazine
ER -