Cybersecurity and Privacy Issues of Blockchain Technology
Ayushi Dwivedi, Amarnath Mishra, Debabrata Singh · Auerbach Publications eBooks · 2021
One of the most prevalent recent financial topics is cryptocurrency and Blockchain, which is gaining in popularity, with increasing numbers of people becoming aware on a daily basis. Cryptocurrency is a way of exchanging digital money which is encrypted to control the creation and fund transfer of the currency. The technology that supports the existence of cryptocurrency is known as Blockchain, which was Initially invented for Bitcoin, currently the best known of all cryptocurrencies. As this technology is both digital and new, many people and critics have questioned both the security and the sustainability of Blockchain. Because of its recent growth and the way in which it functions, this technology has already transformed many industries and businesses, well as the lifestyles of many individuals. Allowing that the highlights of Blockchain innovation ensure more solid and practical administration, it is imperative to consider the security and protection issues and difficulties that lie behind this imaginative innovation. The range of Blockchain applications range from monetary, medical care, vehicle, the Internet of Things (IoT) to public and social administrations. This chapter contains examinations of the use of the Blockchain information structure in different applications. In this chapter, we attempt an exhaustive overview on the Blockchain innovation by talking about Blockchain and cryptocurrency from the aspects of both privacy and security and the protection of information contained in each Blockchain. Finally, we consider the possible future development of Blockchain innovations.