Study on Ethereum Transaction and Cancellation Using Blockchain Technology

Authors

  • Pankaj Shinde, Mohit Mali, Utkarsh Bhushan Chaudhary, Alok Kumar, Suraj Sirsat, Kavita Jadhav

Keywords:

Transaction Cancellation, Decentralized, Records, Blockchain, Broadcast, Network, Stramlinning, Consensus.

Abstract

A Blockchain is a decentralized, distributed ledger that keeps track of transactions on numerous computers to prevent any changes from being made retrospectively without affecting all blocks after it and obtaining network consensus.

A Blockchain eliminates the requirement for a reliable intermediary to mediate digital relationships. It enables safe and open record-keeping, and by streamlining procedures and lowering costs, it has the potential to upend a variety of businesses. A Blockchain has many important features, such as Decentralization: The network is not managed by a centralized body. A network of computers that collaborate to validate and record transactions instead maintains it. Once a transaction has been broadcast to the Ethereum network, it is typically impossible to undo it.

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Published

2023-02-22

How to Cite

Pankaj Shinde, Mohit Mali, Utkarsh Bhushan Chaudhary, Alok Kumar, Suraj Sirsat, Kavita Jadhav. (2023). Study on Ethereum Transaction and Cancellation Using Blockchain Technology. SJIS-P, 35(1), 152–157. Retrieved from http://sjis.scandinavian-iris.org/index.php/sjis/article/view/249

Issue

Vol. 35 No. 1 (2023)

Section

Articles