Getting Around the Blockchain Technology Landscape: A Comprehensive Study of Risks and Solutions
Authors:-Vijay kumar
Abstract-Overview: The included report focuses into a number of areas of blockchain development, from the Bitcoin whitepaper to recent advances in growth, con- fidentiality, and consensus processes. It seeks to define blockchain architecture, investigate protocol improvements, solve important security issues, and debate blockchain integration with upcoming technologies such as the Internet of Things (IoT) Findings: Blockchain is built on decentralized peer-to- peer networks and cryptographic proofs, which provide trust and security without relying on a central authority. Ethereum and Hyperledger Fabric are protocols that ex- pand the capabilities of blockchain to smart contracts and corporate solutions. New consensus algorithms, such as Del- egated Proof-of-Stake and Bitcoin-NG, increase scalability and efficiency. Objectives: To demonstrate basic blockchain ideas like decentralization and cryptographic proofs. Investigate the evolution of blockchain protocols and consensus tech- niques. To examine significant security concerns and pri- vacy solutions in blockchain technology. To investigate the convergence of blockchain with IoT and its potential consequences. Results: Clarification of key blockchain ideas, with an emphasis on decentralization and cryptographic proofs. Insights on blockchain protocol and consensus mechanism improvements. A comprehensive review of security flaws and privacy remedies. Exploration of blockchain-IoT syn- ergies, emphasizing blockchain’s revolutionary influence on developing technologies.
