A. Kaushik, Archana Choudhary, Chinmay Ektare, Deepti Thomas, Syed Akram
{"title":"Blockchain — Literature survey","authors":"A. Kaushik, Archana Choudhary, Chinmay Ektare, Deepti Thomas, Syed Akram","doi":"10.1109/RTEICT.2017.8256979","DOIUrl":null,"url":null,"abstract":"In the modern world that we live in everything is gradually shifting towards a more digitized outlook. From teaching methods to online transactions, every small aspect of our life is given a more technological touch. In such a case “money” is not left behind either. An approach towards digitizing money led to the creation of “bitcoin”. Bitcoin is the most efficient crypto-currency so far in the history of digital currency. Ruling out the interference of any third party which monitors the cash flow, Bitcoin is a decentralized form of online currency and is widely accepted for internet transactions all over the world. The need for digital money would be extensive in the near future.","PeriodicalId":342831,"journal":{"name":"2017 2nd IEEE International Conference on Recent Trends in Electronics, Information & Communication Technology (RTEICT)","volume":"15 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"52","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2017 2nd IEEE International Conference on Recent Trends in Electronics, Information & Communication Technology (RTEICT)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/RTEICT.2017.8256979","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 52
Abstract
In the modern world that we live in everything is gradually shifting towards a more digitized outlook. From teaching methods to online transactions, every small aspect of our life is given a more technological touch. In such a case “money” is not left behind either. An approach towards digitizing money led to the creation of “bitcoin”. Bitcoin is the most efficient crypto-currency so far in the history of digital currency. Ruling out the interference of any third party which monitors the cash flow, Bitcoin is a decentralized form of online currency and is widely accepted for internet transactions all over the world. The need for digital money would be extensive in the near future.
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