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Blockchain based Crowd funding for Startups

Author(s):

Anand Haridas , Ahalia School of Engineering and Technology; Mrudula R, Ahalia School of Engineering and Technology; Bavitha B, Ahalia School of Engineering and Technology; Clincy Baby, Ahalia School of Engineering and Technology; Aswathy M, Ahalia School of Engineering and Technology

Keywords:

Blockchain, Crowdfunding, Smart contract, Ethereum, Ether

Abstract

Blockchain was invented by a person (or group of people) using the name SatoshoiNakatomo in 2008. A blockchain, originally blockchain is a growing list of records, called blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. A blockchain is resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by peer to peer network collectively adhering to protocol for inter-node communication and validating new blocks.

Other Details

Paper ID: IJSRDV8I30577
Published in: Volume : 8, Issue : 3
Publication Date: 01/06/2020
Page(s): 620-623

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