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The Improvement needs in Blockchain Technology

Sayı: 29 1 Aralık 2021
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The Improvement needs in Blockchain Technology

Öz

Bitcoin's attack in finance has caused a new wind to blow in the stock market and with the emergence of many new crypto currencies, the crypto currency market has become a new financial area. Although Blockchain technology is the technological infrastructure of Bitcoin, awareness is not as high as Bitcoin. Despite it was found in 1992, its first use was in the shadow of Bitcoin, influenced by the fact that it was with Bitcoin in 2008. However, due to the features that it provides; Without Blockchain technology, the Bitcoin system would not work. As the dazzling offer of Bitcoin; through the decentralized structure, buyers and sellers can meet directly on a platform and make their purchases securely, without involvement of any third party. Verification in the system can only be done by approving by more than 50% of the participants. Thus, besides of no need for a central authority, it became almost impossible for any cyber attack to be successful. The continued success of Blockchain technology is vital for Bitcoin and other cryptographic currencies survival. Beside of all these advantages, there are some issues that need to be addressed for Blockchain technology. These can be listed as throughput, latency in processing, size and bandwidth, some security vulnerabilities, resource waste for adding a new block to chains, usability, and privacy. In this article, we will discuss these issues that need to be addressed for Blockchain technology.

Anahtar Kelimeler

Kaynakça

  1. Androulaki, E., & Karame, G. O. (2014). Hiding transaction amounts and balances in Bitcoin. Lecture Notes in Computer Science (Including Subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), 8564 LNCS, 161–178. https://doi.org/10.1007/978-3-319-08593-7_11
  2. Bitcoin Pool Stats. (2021). BTC.Com. https://btc.com/stats/pool
  3. Bitcoinwiki. (2018). Block. Bitcoinwiki. https://en.bitcoin.it/wiki/Block
  4. Criddle, C. (2021). Bitcoin Consumes More Electricity than Argentina -. BBC News. https://www.bbc.com/news/technology-56012952
  5. Eyal, I., Gencer, A. E., Sirer, E. G., & van Renesse, R. (2015). Bitcoin-NG: A Scalable Blockchain Protocol. https://doi.org/abs/1510.02037
  6. Herrera-Joancomart´, J. (2015). Data privacy management, autonomous spontaneous security, and security assurance. Lecture Notes in Computer Science (Including Subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), 8872, 3–16. https://doi.org/10.1007/978-3-319-17016-9
  7. Hyperledger. (2018). Hyperledger Community. https://www.hyperledger.org/announcements/2017/07/25/hyperledger-adds-cisco-as-a-premier-member
  8. Investopedia. (2018). Double-Spending Definition. https://www.investopedia.com/terms/d/doublespending.asp

Ayrıntılar

Birincil Dil

İngilizce

Konular

Mühendislik

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

1 Aralık 2021

Gönderilme Tarihi

14 Ekim 2021

Kabul Tarihi

7 Aralık 2021

Yayımlandığı Sayı

Yıl 2021 Sayı: 29

Kaynak Göster

APA
Mendi, A. F. (2021). The Improvement needs in Blockchain Technology. Avrupa Bilim ve Teknoloji Dergisi, 29, 6-10. https://doi.org/10.31590/ejosat.1009560
AMA
1.Mendi AF. The Improvement needs in Blockchain Technology. EJOSAT. 2021;(29):6-10. doi:10.31590/ejosat.1009560
Chicago
Mendi, Arif Furkan. 2021. “The Improvement needs in Blockchain Technology”. Avrupa Bilim ve Teknoloji Dergisi, sy 29: 6-10. https://doi.org/10.31590/ejosat.1009560.
EndNote
Mendi AF (01 Aralık 2021) The Improvement needs in Blockchain Technology. Avrupa Bilim ve Teknoloji Dergisi 29 6–10.
IEEE
[1]A. F. Mendi, “The Improvement needs in Blockchain Technology”, EJOSAT, sy 29, ss. 6–10, Ara. 2021, doi: 10.31590/ejosat.1009560.
ISNAD
Mendi, Arif Furkan. “The Improvement needs in Blockchain Technology”. Avrupa Bilim ve Teknoloji Dergisi. 29 (01 Aralık 2021): 6-10. https://doi.org/10.31590/ejosat.1009560.
JAMA
1.Mendi AF. The Improvement needs in Blockchain Technology. EJOSAT. 2021;:6–10.
MLA
Mendi, Arif Furkan. “The Improvement needs in Blockchain Technology”. Avrupa Bilim ve Teknoloji Dergisi, sy 29, Aralık 2021, ss. 6-10, doi:10.31590/ejosat.1009560.
Vancouver
1.Arif Furkan Mendi. The Improvement needs in Blockchain Technology. EJOSAT. 01 Aralık 2021;(29):6-10. doi:10.31590/ejosat.1009560

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