BLOCKCHAIN AND DECENTRALIZED TECHNOLOGIES
DOI:
https://doi.org/10.70849/IJSCIKeywords:
Blockchain, Decentralization, Distributed Ledger, Cryptography, Smart Contracts, Consensus Mechanisms, Digital Assets, Peer-To-Peer Networks, Transparency, Security, Autonomous Organizations, Decentralized Applications (DApps), Decentralized Finance (DeFi), Digital Identity, Digital Signature, Directed Acyclic Graph (DAG), Tokenization, Public-Key Encryption, Immutable Records, Cryptocurrency, Decentralized Autonomous Organization (DAO).Abstract
Blockchain and decentralized technologies represent a paradigm shift in how digital transactions and data storage are managed, eliminating the need for centralized authorities. These technologies employ cryptographic techniques to ensure secure, transparent, and immutable records shared among a distributed network of participants. By enabling trustless interactions and facilitating smart contracts, decentralized systems unlock new possibilities for financial services, supply chain management, digital identity, and governance models. Despite significant advancements, challenges such as scalability, interoperability, energy consumption, and regulatory compliance remain barriers to broader adoption. This research explores the fundamentals, applications, benefits, and challenges of blockchain and decentralized technologies, offering insights into their transformative potential across industries.
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