Paper Title
BLOCKCHAIN 4.0 TECHNOLOGY
Article Identifiers
: Keywords
Blockchain, Bitcoin, Lightning Network, LNURL, WebLN.
Abstract
Blockchain is a cutting-edge technology that has had a huge impact on modern civilization because to its transparency, decentralisation, and security aspects. The initial Blockchain application, which received a lot of interest, was to record financial transactions of bitcoin. Blockchain technology has the potential to significantly alter how we interact, conduct business, and live in the near future. Previously, transtion took a long time, making the process of resolving these issues slow. Blockchain introduced the lightning network, DOPS, and DDPOS to improve the transaction processing time of blockchain. With Blockchain 2.0 began the era of smart contracts, which enabled Blockchain to go beyond its basic functionality of powering cryptocurrencies. Smart contracts enabled firms to automate their cross-organizational contracts. The rise of dApps has been essential to Blockchain 3.0. dApps allow several powerful blockchain use-cases like as DeFi platforms, Crypto loan platforms, NFT marketplaces, P2P lending, and others through a frontend user interface that calls to its backend smart contracts maintained on decentralised storages. Blockchain 4.0 promises to expand Blockchain into a business-useable platform for developing and running more advanced and mainstream decentralised apps. The primary focus areas for Blockchain 4.0, which includes Web 3.0, Metaverse, and others, will be speed, user experience, and use by a broader and more diverse population. This study finishes with a consideration of key future opportunities, new use cases, and outstanding research questions that scientists may pursue in order to advance Blockchain 4.0 as a discipline.
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How To Cite (APA)
Pavan Joshi, Aachal Dadhe, Suyog Hole, Bhavika Shinde, & Prof. Sudesh Bachwani (December-2022). BLOCKCHAIN 4.0 TECHNOLOGY. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(12), c199-c203. https://ijnrd.org/papers/IJNRD2212224.pdf
Issue
Volume 7 Issue 12, December-2022
Pages : c199-c203
Other Publication Details
Paper Reg. ID: IJNRD_185074
Published Paper Id: IJNRD2212224
Downloads: 000122253
Research Area: Engineering
Author Type: Foreign Author
Country: -, -, -
Published Paper PDF: https://ijnrd.org/papers/IJNRD2212224.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2212224
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