Publication Date: 2022/05/10
Abstract: A peer-to-peer version of electronic cash would allow online payments to be sent from one party to the other without contacting the financial institutions. We use the blockchain paradigm with cryptographically secured transactions. Here we are considering Bitcoin, the largest owned cryptocurrency in the market. We will tackle this by taking inspiration from previous cryptocurrency problems and providing a helpful solution to satisfy the requirements. Our currency's name is Krono Coin, and it works on the algorithm of "Proof of Work." It uses blockchain to tackle real work problems and business application solutions. Our objective is to build a platform where people would beable to mine cryptocurrency. Once hitting the desired mark, people would be able to use this coin as a means of transaction in real life. We implement a wallet system for people to store their currency. This, if implemented with other wallets, will help people exchange, trade, and buy/sell other currencies.
Keywords: peer-to-peer, transactions, blockchain, cryptocurrency, proof of work.
DOI: https://doi.org/10.5281/zenodo.6535970
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT22APR694_(1).pdf
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