Development of a Framework Model Using Blockchain to Secure Cryptocurrency Investment
K. Mohamed Jasim, Manivannan Babu, Chinnadurai Kathiravan · 2022
A new concept of blockchain technology for cryptocurrency has been discussed in this chapter. Existing technologies are examined by us and a new model of blockchain has been developed that is decentralized and much more secure and trustworthy. Even though the internet is the key technology behind the development of the blockchain technology and ecommerce, it has always had security and privacy concerns. Security and privacy are most important when we are developing or discussing FinTech and E-Commerce. Blockchain technology is the key behind the success of cryptocurrency, which is revolutionary in nature and provides a unique mechanism of transaction (i.e. peer-to-peer), that does not require any intermediary, including government or banks, to establish trust. In fact, bitcoin shows the power of blockchain. It works as an open ledger accessible to all worldwide. It has the capacity to change the digital world with its implication in government projects, health care, identity, Internet of Things, insurance, money, music, real state, supply-chain etc.