International Journal of Computational Intelligence, Biotechnology and Biochemical Engineering

Authors: Sana Baid, Seema Mahajan, Zalak Trivedi

Abstract: Bitcoin was defined as both “a Crypto-currency and electronic payment systemâ€. It’s a global Peer-to-Peer currency and a consensus network that uses a timestamp server and proof of work scheme to perform transactions and records each in a triple entry public ledger called block chain. This paper elaborates on the aforementioned payment network and the transaction procedure.