Analysis on Different Strategies Used in Blockchain Technology

Abstract

Blockchain technology is a distributed ledger, it’s reliable, transparent, secure, trust-worthy, confidential and authenticate. Blockchain is a combination of blocks which contains the header of valid transactions using one of the best hashing algorithm (SHA-256 bits). Different strategies will be used in blockchain i.e., private blockchain, public (Example: Ethereum and bitcoins) and consortium blockchain. In this paper, we discuss about basic process of E-voting, IOT with blockchain, financing and blockchain technology helps for providing highest performance in rural areas.