Document Type : Primary Research paper
Assistant Professor, Kongu Engineering College, Erode, India
Assistant Professor, Nandha Engineering College, Erode, India
Professor, Jai Shri Ram Engineering College, Tiruppur, India
Blockchain Technology is a decentralized environment which preserves a
guaranteed record of data interactions devoid of a focal position. In this paper a
framework on blockchain development is established. Primarily, essentials of Blockchain
Technology are enlightened. Bitcoins, a digital currency system accomplish a financial
transaction with anonymous people broadly over an internet. An identity of a person is not
a big deal in money trade. Cryptography presupposes a crucial part in security parts of
bitcoins. Blockchain can be implemented in an environment wherever data is distributed
and decentralized in nature which concerning abundant inhabitants. To ensure the trust &
security among the parties, the transactions have to be verified prior to affirm as legitimate.
In this paper, we provided an insight view of blockchain fundamentals and working
principles. In due course, we close this paper by spreading out conceivable future
advancements of blockchain innovation.