Blockchain — Literature survey

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.