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Blockchain and Its Integration as a Disruptive Technology
Abstract
Blockchain is the process of development in bitcoin. It's a digitized, decentralized, distributed ledger of cryptocurrency transactions. The central authorities secure that transaction with other users to validate transactions and record data, data is encrypted and immutable format with secured manner. The cryptography systems make use for securing the process of recording transactions in private and public key pair with ensuring secrecy and authenticity. Ensuring bitcoin transaction, to be processed in network, and ensuring transaction used for elliptic curve digital signature algorithm, all transactions are valid and in chronological order. The blockchain systems potential to transform financial and model of governance. In Blockchain, databases hold their information in an encrypted state, that only the private keys must be kept, so these AI algorithms are expected to increasingly be used, whether financial transactions are fraudulent, and should be blocked or investigated.
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