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Blockchain_Research_Project_Sample

This research addresses the critical challenges of scalability and security in blockchain technology, particularly focusing on Ethereum and Hyperledger Fabric. It reviews existing consensus mechanisms like Proof of Work and Proof of Stake, highlighting their trade-offs, and discusses advancements such as sharding and Layer 2 solutions. The study aims to propose novel approaches to enhance the performance and resilience of blockchain systems while maintaining an optimal balance between decentralization, scalability, and security.

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jaiminbhadaja8
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4 views

Blockchain_Research_Project_Sample

This research addresses the critical challenges of scalability and security in blockchain technology, particularly focusing on Ethereum and Hyperledger Fabric. It reviews existing consensus mechanisms like Proof of Work and Proof of Stake, highlighting their trade-offs, and discusses advancements such as sharding and Layer 2 solutions. The study aims to propose novel approaches to enhance the performance and resilience of blockchain systems while maintaining an optimal balance between decentralization, scalability, and security.

Uploaded by

jaiminbhadaja8
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Enhancing Security and Scalability in Blockchain-Based Systems

1. Introduction

Blockchain technology has emerged as a transformative innovation in the realm of distributed

systems, offering a decentralized, secure, and transparent platform for transactions and data

management. Its applications span across diverse industries, ranging from finance and healthcare to

supply chain management and beyond. Despite its revolutionary potential, blockchain faces critical

challenges, particularly in terms of scalability and security.

This research aims to address these challenges by analyzing existing solutions and proposing novel

approaches to enhance the performance and resilience of blockchain-based systems. By focusing

on Ethereum and Hyperledger Fabric, the study explores ways to achieve an optimal balance

between decentralization, scalability, and security.

2. Literature Review

Blockchain operates on a decentralized ledger, where transactions are validated and recorded using

consensus mechanisms such as Proof of Work (PoW) and Proof of Stake (PoS). While PoW

ensures high security, it is resource-intensive and lacks scalability. On the other hand, PoS reduces

energy consumption but introduces vulnerabilities like 'nothing-at-stake.'

Recent advancements, such as sharding and Layer 2 solutions, have shown promise in tackling

scalability issues. Sharding divides the blockchain into smaller, manageable segments, while Layer

2 protocols like Lightning Network enable off-chain transactions to reduce on-chain congestion.

However, these solutions often compromise decentralization or introduce new attack vectors,

necessitating further research.

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