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Introduction to Blockchain Technology with Bitcoin Protocol
Book chapter

Introduction to Blockchain Technology with Bitcoin Protocol

Babu Pillai, Jeyakumar Samantha Tharani, Zhé Hóu, Kamanashis Biswas and Vallipuram Muthukkumarasamy
Emerging Smart Technologies for Critical Infrastructure, pp.119-137
Smart Sensors, Measurement and Instrumentation, Springer Nature Switzerland
2023

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Abstract

Blockchain Blockchain scalability trilemma Distributed ledger technology
The engineering behind the technology that powers Bitcoin, known as Blockchain, has gained attention as a potential software solution for various industrial applications. The capability of revolutionising digital transactions brought significant interest in this technology and evolved greatly in the past decade. However, the development of applications beyond cryptocurrency has not yet kept pace. In this chapter, we will examine the basic design principles of blockchain technology using Bitcoin’s architecture as a foundation and understand the rationale behind its design and the limitation of scalability.

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