A METHODICAL ANALYSIS OF THE BLOCKCHAIN TECHNOLOGY AND ITS CONCERNS ABOUT SAFETY
DOI:
https://doi.org/10.7492/n03ge718Abstract
Blockchain being an emerging technology has drawn the attention to extend its applications in healthcare, financial institutions, energy sections supply chain management etc. Researchers have made significant progress in the field of blockchain technology, most notably with the development of a consensus algorithm. Extensive analysis of blockchain technology provides an essential component: the consensus algorithm. The fundamental idea of a consensus algorithm is that it can provide a reliable method for adding additional nodes to a blockchain network. The purpose of this study is to offer a thorough analysis of blockchain technologies, categorizes consensus methods, and delves into the problems with their security. Several vulnerability metrics are also offered for investigating the severity of attacks.
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