Conference Papers

Permanent URI for this collectionhttps://idr.nitk.ac.in/handle/123456789/28506

Browse

Filters

2013 - 201912020 - 20222

Settings

Subject: search.filters.subject.Bitcoin

Search Results

Now showing 1 - 3 of 3
  • No Thumbnail Available
    Item
    Performance comparison of executing fast transactions in bitcoin network using verifiable code execution
    (IEEE Computer Society help@computer.org, 2013) Singh, P.; Chandavarkar, B.R.; Arora, S.; Agrawal, N.
    In this paper, we study Bitcoin network for electronic cash transactions, and compare the extension to the BTCs network which inculcates provision of executing fast transactions with greater security and assurance with the former method of Proof-Of-Work for executing transactions. Above milestones are achieved by introducing the concepts of mutual trust and verifiable code execution between the payer and the payee in the network. Our work proposes a significant modification of the Pioneer model to provide a two-party trust framework for Bitcoin transactions; considerably faster compared to the generic trust platform of Bitcoin networks based on slow proof-of-work. The scheme proposed can promote the use of Bitcoin transactions in real life scenarios, where fast transactions are desirable due time constraints between the payment and the service. © 2013 IEEE.
  • No Thumbnail Available
    Item
    Ethereum Blockchain Enabled Secure and Transparent E-Voting
    (Springer Science and Business Media Deutschland GmbH, 2021) Rao, V.; Singh, A.; Rudra, B.
    The blockchain’s revolutionary concept is the underlying technology behind the popular examples such as Bitcoin and it now relies on the Web and online services. Nowadays, blockchain is famous for its use in cryptocurrencies, but many fintech activities and routine processes that were done offline can be done using blockchain. Smart contracts are abstract pieces of codes that need to be inserted into the network and enforced as planned in every phase of upgrading blockchains. With the population growing so fast across the globe, e-voting is an emerging online service-related issue. The smart contracts of blockchain enable to have a easy, safe, cheap, secure and transparent e-voting due to which blockchain is one of the top solutions for e-voting. Even in the many blockchains available in the world, Ethereum is one of the most consistent available blockchain and has widespread use because of which it is suitable for e-voting. An e-voting system must ensure that it is secure, as it should not allow duplicated votes and it should be able to protect attendants’ privacy being fully transparent too. In this paper, Ethereum wallets and Solidity language for smart contracts were used to make a sample small scale e-voting application. The blockchain was tested on local blockchain using ganache and ropsten test network. The Ethereum blockchain keeps the records of ballots and votes after an election is held. Users can use Ethereum wallets to directly submit theirs vote and those votes are handled with the consensus of each Ethereum node. © 2021, Springer Nature Switzerland AG.
  • No Thumbnail Available
    Item
    Unconfirmed Transactions in Cryptocurrency: Reasons, Statistics, and Mitigation
    (Institute of Electrical and Electronics Engineers Inc., 2022) Kallurkar, H.S.; Chandavarkar, B.R.
    Blockchain has emerged to be a pioneer fundamental technology for distributed applications. Not only it is limited to financial sector, but it also has extended in the fields of health & medicare, managing logistics of goods through effective supply chain management etc. Although there are numerous applications of blockchain, cryptocurrencies remains at the top, in terms of popularity and cryptographic security it provides in maintenance of digital assets. Miner(s) in a cryptocurrency is/are an individual/group of individuals who benefit after per-forming Proof-of-Work for validating a transaction. The top two cryptocurrencies according to market cap value are Bitcoin and Ether. Millions of transactions happen on their blockchain on a daily basis, but not all of them result in success. Some are also marked as failed/unconfirmed, even if they are less compared to the confirmed transactions. Some of the reasons for this behavior could be too many transactions present in mempool of miners or insufficient fees is provided as the incentive to the miners of the network. Though the number of transactions that go unconfirmed per day is very small compared to the ones getting confirmed, still the area of failed cryptocurrency transactions remain unexplored. This paper focuses on statistics of failed cryptocurrency transactions, some primary reasons of failure in a cryptocurrency transaction. Furthermore, it also presents existing approaches to minimize the failure of transactions. © 2022 IEEE.