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A Holistic View on Blockchain and Its Issues
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Author(s): Mohd Azeem Faizi Noor (Jamia Millia Islamia, India), Saba Khanum (Jamia Millia Islamia, India), Taushif Anwar (Pondicherry University, India)and Manzoor Ansari (Jamia Millia Islamia, India)
Copyright: 2021
Pages: 24
Source title:
Blockchain Applications in IoT Security
Source Author(s)/Editor(s): Harshita Patel (Vellore Institute of Technology, India)and Ghanshyam Singh Thakur (Maulana Azad National Institute of Technology, India)
DOI: 10.4018/978-1-7998-2414-5.ch002
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Abstract
Blockchain, the technology behind most popular cryptocurrency Bitcoin and Ethereum, has attracted wide attention recently. It is the most emerging technology that has changed the financial and non-financial transaction system. It is omnipresent. Currently, this technology is enforcing banks, industries, and countries to adopt it in their financial, industrial, and government section. Earlier, it solved the centralize and double-spending problems successfully. In this chapter, the authors present a study of blockchain security issues and its challenges as well. They divided the whole chapter into two parts. The primer part covers a holistic overview of blockchain followed by the later section that argues about basic operations, 51% attack, scalability issue, Fork, Sharding, Lightening, etc. Finally, they mention an intro about its adaptation (financial or non-financial) in our 24/7 life and collaboration with fields like IoT.
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