A Peer to Peer Money Transfer Using SHA256 and Merkle Tree

Saurabh Dhumwad, Mandar Sukhadeve, Chetan Naik, Manjunath Kn, Srikanth Prabhu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

4 Citations (Scopus)

Abstract

A blockchain maintains a permanent record of all the transactions that happen in a bitcoin network. It is an append-only ledger which is distributed to every node in the network. We have made use of blockchain technology for recording the transactions of peers without any supervision of a central authority. A cryptographic protocol using the Merkle tree and SHA-256 hashing technique is described which makes it possible to confirm the transactions are integrity protected and to archive the transactional history using Merkle tree in an append only ledger. Paper also discusses miners, who contribute to proof of work and validation of transactions in the peer to peer network.

Original languageEnglish
Title of host publicationProceedings - 23rd Annual Conference on Advanced Computing and Communications, ADCOM 2017
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages40-43
Number of pages4
ISBN (Electronic)9781538669112
DOIs
Publication statusPublished - 15-04-2019
Event23rd Annual Conference on Advanced Computing and Communications, ADCOM 2017 - Bangalore, India
Duration: 08-09-201710-09-2017

Publication series

NameProceedings - 23rd Annual Conference on Advanced Computing and Communications, ADCOM 2017

Conference

Conference23rd Annual Conference on Advanced Computing and Communications, ADCOM 2017
CountryIndia
CityBangalore
Period08-09-1710-09-17

All Science Journal Classification (ASJC) codes

  • Computer Networks and Communications
  • Hardware and Architecture
  • Information Systems and Management

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  • Cite this

    Dhumwad, S., Sukhadeve, M., Naik, C., Kn, M., & Prabhu, S. (2019). A Peer to Peer Money Transfer Using SHA256 and Merkle Tree. In Proceedings - 23rd Annual Conference on Advanced Computing and Communications, ADCOM 2017 (pp. 40-43). [8691933] (Proceedings - 23rd Annual Conference on Advanced Computing and Communications, ADCOM 2017). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ADCOM.2017.00013