2020
DOI: 10.5815/ijieeb.2020.04.04
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Generation Analysis of Blockchain Technology: Bitcoin and Ethereum

Abstract: In this paper, the importance of blockchain technology have been discussed and the generations of blockchain (Bitcoin and Ethereum) have been compared provided different aspects. The blockchain is a technology which allows direct transaction without involving third party. Also, it offers many facilities like high translucency, high safety and security, improved trace-ability, greater proficient and transactions' speed, and reduced costs. Moreover, the cryptocurrencies provide advance security level. The basic … Show more

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Cited by 17 publications
(12 citation statements)
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“…Abdallah and Faizal reviewed the blockchain in fourth industrial revolution [20] . Anwar et al revieved the blockchain technology [21]. This work proposed and implemented entropy-based integrated unified learning in blockchain architecture.…”
Section: Related Studymentioning
confidence: 99%
“…Abdallah and Faizal reviewed the blockchain in fourth industrial revolution [20] . Anwar et al revieved the blockchain technology [21]. This work proposed and implemented entropy-based integrated unified learning in blockchain architecture.…”
Section: Related Studymentioning
confidence: 99%
“…One of the most important aspects of the functioning of cryptocurrency is powerful modern cryptographic methods of protection that provide identification of owners and recording the fact of their change. Belief in the impossibility of breaking this protection seems to us somewhat idealistic without the proper constant IT support of specialists [12].…”
Section: Individualsmentioning
confidence: 99%
“…As the blockchain technology continues to evolve with respect to the ways of how blockchains are constructed, accessed, and verified, they are being classified into three broad categories: (1)Public blockchain (such as Bitcoin and Ethereum) [18], which is open for anyone to read, send, or receive transactions, and allows any participant to join the consensus procedure of making the decision on which blocks contain correct transactions and get added to the blockchain. (2) Consortium blockchain (such as Hyperledger5 and Ripple), which has placed certain constraints on write permissions such that only a pre-selected set of participants in the network can influence and control the consensus process, even though read is open to any participant in the network, and (3) Private blockchain, whose write permissions are restricted strictly to a single participant (or organization), even though its read permissions are open to the public or constrained to a subset of participants in the network.…”
Section: A Blockchainmentioning
confidence: 99%