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A Survey on Blockchain Technology- Taxonomy, Consensus Algorithms and Applications

N.S. Tinu1

  1. Dept. of CSE, New Horizon College of Engineering, Autonomous college affiliated under VTU, Bangalore, India.

Section:Survey Paper, Product Type: Journal Paper
Volume-6 , Issue-5 , Page no. 691-696, May-2018

CrossRef-DOI:   https://doi.org/10.26438/ijcse/v6i5.691696

Online published on May 31, 2018

Copyright © N.S. Tinu . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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IEEE Style Citation: N.S. Tinu, “A Survey on Blockchain Technology- Taxonomy, Consensus Algorithms and Applications,” International Journal of Computer Sciences and Engineering, Vol.6, Issue.5, pp.691-696, 2018.

MLA Style Citation: N.S. Tinu "A Survey on Blockchain Technology- Taxonomy, Consensus Algorithms and Applications." International Journal of Computer Sciences and Engineering 6.5 (2018): 691-696.

APA Style Citation: N.S. Tinu, (2018). A Survey on Blockchain Technology- Taxonomy, Consensus Algorithms and Applications. International Journal of Computer Sciences and Engineering, 6(5), 691-696.

BibTex Style Citation:
@article{Tinu_2018,
author = {N.S. Tinu},
title = {A Survey on Blockchain Technology- Taxonomy, Consensus Algorithms and Applications},
journal = {International Journal of Computer Sciences and Engineering},
issue_date = {5 2018},
volume = {6},
Issue = {5},
month = {5},
year = {2018},
issn = {2347-2693},
pages = {691-696},
url = {https://www.ijcseonline.org/full_paper_view.php?paper_id=2044},
doi = {https://doi.org/10.26438/ijcse/v6i5.691696}
publisher = {IJCSE, Indore, INDIA},
}

RIS Style Citation:
TY - JOUR
DO = {https://doi.org/10.26438/ijcse/v6i5.691696}
UR - https://www.ijcseonline.org/full_paper_view.php?paper_id=2044
TI - A Survey on Blockchain Technology- Taxonomy, Consensus Algorithms and Applications
T2 - International Journal of Computer Sciences and Engineering
AU - N.S. Tinu
PY - 2018
DA - 2018/05/31
PB - IJCSE, Indore, INDIA
SP - 691-696
IS - 5
VL - 6
SN - 2347-2693
ER -

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Abstract

Blockchain is a buzzword in the current technology trends. It is usually coupled with the cryptocurrency terms: Bitcoin and Ethereum. Any applications that can be optimized by decentralization and that needs to be highly secured could opt for this technology. Blockchain technology has already entrenched into the finance and banking domains by its unusual transparency, security, and flexibility, that facilitates the control of transactions in a decentralized manner. Its distributed and peer-authentication features empower it to span across auxiliary domains like Contractual Agreements and Real Property, Smart Grids, Gaming and Entertainment, Government public services and Smart Cities with IOT, reputation systems, and security services. This paper provides a description of key characteristics, architecture, and taxonomy of blockchain technology. Moreover, the paper provides an insight into the popular consensus algorithms, technical challenges, and major application areas. Future trends and signs of progress in the blockchain technology were discussed.

Key-Words / Index Term

Blockchain, Distributed Ledger, Cryptocurrency

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