B.TECH/M.TECH CSE LIVE PROJECTS Blockchain
Blockchain is a decentralized ledger technology that securely records transactions across multiple nodes, ensuring transparency, traceability, and immutability. It is widely used in finance, supply chain, and secure data management.
KEY COMPONENTS OF BLOCKCHAIN
B.Tech Projects
- Blocks: Contain transaction records and link to previous blocks forming a secure chain.
- Nodes: Computers maintaining blockchain copies and validating new transactions.
- Consensus Mechanism: Protocols like Proof of Work or Proof of Stake ensure agreement on data validity.
- Cryptography: Provides data integrity, authentication, and security through encryption and hashing.
- Smart Contracts: Self-executing agreements stored on the blockchain automating transactions.
