A Scrutiny Of Blockchain Technology And Its Utilization

Document Type : Primary Research paper

Authors

1 PG Scholar, Dr.N.G.P Institute Of Technology, Coimbatore

2 Associate Professor, Dr.N.G.P Institute Of Technology, Coimbatore

Abstract

In The Bounteous Technological Development World, The Blockchain Is A
Radical Emerging Technology Which Is The Root Of The Most Materializing Cryp-
Tocurrencies Such As Bitcoin, Litecoin And Abounding Cryptocurrencies. Ethereum Is A
Blockchain Based Distributed Computing Platform Which Uses Smart Contracts For The
Transaction Of Bitcoins. Smart Contracts Allow The People To Perform The Transactions
Of The Bitcoins Without Any Third-Party Hindrance. Such Transactions Are Irreparable
Transactions. The Ethereum Platform Is An Open Source Platform Which Produces The
Decentralized Virtual Machine Called EVM (Ethereum Virtual Machine). This Research Is
Meant To Give An Overview On The Development Of The Application Using The Smart
Contract In Blockchain Ethereum Technology.

Keywords