Review on Precise of Blockchain Technology

Abstract

Blockchain technology is becoming widely popular nowadays along with their decentralized peer- to-peer network and its privacy. Bitcoin is also widely storming in the world. Blockchain technology changes the lifestyle of people and business views on many fields through its privacy and security. Many researches were done on this technology because of its security and requirements in various fields of life. In the current era major issues are security on online translation, cloud computing, large data and Blockchain more focus on designing secure service. The objective of writing this review paper is to summarize what Blockchain is and spread awareness about its usage, security and how it works. Key Words: Blockchain, Ethereum, Cryptocurrency, Bitcoin, Consensus Methodor Algorithm, consensus rules, Hash,Genesis Block, Applications of Blockchain, Booming Domain of Blockchain