FUNDAMENTALS OF BLOCKCHAIN AND CRYPTOCURRENCIES

Anurag Vijay Agrawal (Senior Member, IEEE) has been associated as Consultant with Electronics & ICT Academy IIT Roorkee, an initiative supported by MeitY, Govt of India. He has more than 20 years of academic, research and consultancy experience. He received B.E. degree in Electronics and Communication Engineering from MJP Rohilkhand University, Bareilly, Uttar Pradesh, India and M.E. degree in Electronics and Communication Engineering from Panjab University, Chandigarh, India in 2000 and 2010 respectively. He completed Ph.D. from the Department of Electronics and Communication Engineering with Wireless and Mobile Communications Specialization at Indian Institute of Technology Roorkee, Roorkee, India in 2021.

Mr. P. Prasant is a renowned scholar and administrator with 7 years of experience in teaching IT, Computer Applications, and Management Courses, as well as 3 years as a cooperative trainer. He works at Khalsa College of engineering & technology, Amritsar as Assistant Professor in Deptt of Computer Science &Applications. He has obtained various certifications due course that including C/C++, ADVANCE JAVA CERTIFICATION, SAP CERTIFICATION, WEB DEVELOPMENT CERTIFICATION, and Other Languages.

He has helped thousands of students overcoming their fear of IT knowledge over the years. He has strong communication skills and writing abilities, and inspires his student to do so. He believe in providing the best practices for students to become computer experts, He Possesses a in-depth knowledge of a variety of computer applications as well as the ability to troubleshoot technical issues.

Anurag Prasad is an intellectual law professional and is working as a Patent Associate in the Law Firm of Naren Thapeta (IPHORIZONS), Banglore, India. He has completed L.LB Honors in Intellectual Property LAW from Indian Institute of Technology, Kharagpur and also has a degree in Electronics and communication Engineering from Birla Institute of Applied sciences, Nainital, Uttarakhand. As a professional working in the field of Patents, he has keen interest in evolving technology especially in the computer science and wireless communication field.

Dr. Sumegh Shrikant Tharewal Currently working as an Assistant Professor at Symbiosis Institute of Computer Studies and Research (SICSR), Symbiosis International (Deemed University), Pune, MH 411016, India, he completed his Ph.D. from Dr. Babasaheb Ambedkar Marathwada University Aurangabad, Maharashtra, India in the Department of Computer Science, and Information Technology. He was Program Head of M.Sc. Blockchain Technology at Dr. Vishwanath Karad MIT World Peace University, Pune, India. He is having 12+ years of experience in Research and academics. He has published more than 42 Research Papers in various national, and international conferences, and International Peer-Reviewed Journals like IEEE, Springer, and Elsevier. he received 214 citations with a 9 h index on Google Scholar for his publication.

Description

The word “cryptocurrency” refers to a form of currency that is kept in digital form and is transacted completely through the use of the internet. There is no physical exchange of goods or services involved in the use of this form of currency. It functions as a medium of exchange just like any other fiat currency, such as the Nigerian Naira (NGN), the United States Dollar (USD), or the Euro (EUR), but it is distinct from other fiat currencies in the sense that it was developed specifically to facilitate the cryptographic transfer of digital information. Examples of other fiat currencies include the Nigerian Naira (NGN), the United States Dollar (USD), and the Euro (EUR). Using the underlying technology known as blockchain, cryptocurrencies are able to conduct transactions in a manner that is decentralised, transparent, and incorruptible. The fact that transactions involving cryptocurrencies don’t need to be approved by any kind of centralised authority is one of the reasons why they offer ordinary people more power. It is generally agreed that Satoshi Nakamoto was the inventor of the world’s first and currently most popular cryptocurrency, which was given the moniker Bitcoin in 2009. There are currently over three thousand distinct cryptocurrencies that can be categorised as either shares or notes. These cryptocurrencies are decentralised digital assets. Any digital currency that is not Bitcoin is referred to as a “Altcoin,” which is short for alternative cryptocurrency. Tokens are a type of cryptocurrency that are developed on top of an existing blockchain. Tokens have their own unique digital identities. Tickets do not have their own blockchain; rather, they are dependent or reside on the blockchain of an existing cryptocurrency that was established previously. Tokens are able to exist in a wide variety of guises, including the Basic Attention Token (BAT), Bancor Tokens (BNT), Status Tokens (SNT), and a great number of other varieties.

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