Open AccessA fabric architecture towards block chain application using hyper ledger
Author(s) -
Haseeb,
K. Raja Sekhar,
Y V. Spandana,
M Syam
Publication year - 2018
Publication title -
international journal of engineering and technology
Language(s) - English
Resource type - Journals
ISSN - 2227-524X
DOI - 10.14419/ijet.v7i2.20.11759
Subject(s) - ledger , node (physics) , block (permutation group theory) , computer science , replication (statistics) , chain (unit) , distributed ledger , blockchain , computer network , the internet , confidentiality , architecture , computer security , distributed computing , operating system , business , engineering , accounting , mathematics , art , physics , astronomy , visual arts , statistics , geometry , structural engineering
Block chain is a trust which can be best understood by the state machine replication, It is decentralized distributed ledger which is along all peers in the network connected through nodes over Internet. Every Node in the chain have equal stake and also the main factor is every node which have greater CPU cycles has a chance to operate node by spending those CPU cycles and also show Proof Of Work. Hence when the block chain is used in Business Models it loses its Private transactions and Confidential Contracts.