Analysis of Cryptographic Hash in Blockchain for Bitcoin Mining Process

Abstract

Bitcoin is a digital asset which is a crypto currency that can be buy, sell or transfer between two parties securely over the web. It can be proposed as the most secure digital currency in world and can be used as a medium to exchange values electronically without involvement of third parties like banks and other types of organizations or Institutions or any clearinghouse that act as a middleman in these transactions. It happens because it is a secure medium due to cryptographic hashing used in peer-to-peer connection which is possible within blockchain technology. Blockchain solves three issues of internet: value, trust and Reliability. In our research survey, we had analyse the working of blockchain and Cryptographic Hash technology. We also include the analysis of different secure options of transferring crypto currency. At the end, we have define relation between trust, security and reliability which helps in developing satisfaction in client in using these crypto currency.