A holistic view on blockchain and its issues

MAF Noor, S Khanum, T Anwar… - Blockchain Applications in …, 2021 - igi-global.com
Blockchain Applications in IoT Security, 2021igi-global.com
Blockchain, the technology behind most popular cryptocurrency Bitcoin and Ethereum, has
attracted wide attention recently. It is the most emerging technology that has changed the
financial and non-financial transaction system. It is omnipresent. Currently, this technology is
enforcing banks, industries, and countries to adopt it in their financial, industrial, and
government section. Earlier, it solved the centralize and double-spending problems
successfully. In this chapter, the authors present a study of blockchain security issues and its …
Abstract
Blockchain, the technology behind most popular cryptocurrency Bitcoin and Ethereum, has attracted wide attention recently. It is the most emerging technology that has changed the financial and non-financial transaction system. It is omnipresent. Currently, this technology is enforcing banks, industries, and countries to adopt it in their financial, industrial, and government section. Earlier, it solved the centralize and double-spending problems successfully. In this chapter, the authors present a study of blockchain security issues and its challenges as well. They divided the whole chapter into two parts. The primer part covers a holistic overview of blockchain followed by the later section that argues about basic operations, 51% attack, scalability issue, Fork, Sharding, Lightening, etc. Finally, they mention an intro about its adaptation (financial or non-financial) in our 24/7 life and collaboration with fields like IoT.
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