№2, 2019

Yadigar N. Imamverdiyev

The potential of the blockchain technology created to support Bitcoin cryptocurrency is high and offers many opportunities for other applications. Blockchain technology provides distributed, secure and reliable processing of digital transactions. In recent years, blockchains have become widely used, but there is no correct understanding of the potential of this technology among researchers, as well as many decision makers in the field of technology. This paper analyzes the components of the blockchain technology, summarizes the experience of practical applications in various fields and identifies important problems for the development of this technology, and highlights the future research areas (pp.18-32).

Keywords:Bitcoin, blockchain, distributed registry technology, blockchain platform, consensus protocol, Byzantine fault-tolerance, Ethereum, Hyperledger-Fabric, IOTA.
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