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39 views

Firstreview Copy Meghana

Uploaded by

gayatrimeghana32516
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Department of Computer Science and Engineering

IV/IV B. TECH (CSE) 2ND SEMESTER PROJECT WORK (B20CS4201) 1st REVIEW

Empowering Cryptocurrency Transfers through Web 3.0 Wallets and Block Chain Technology

BATCH NO : C-14

NEERUKONDA LAKSHMI NIKHITHA 20B91A05K8


NANDURI GAYATRI MEGHANA 20B91A05K4
MIRIYALA PAVAN SRI NAVANEETH 20B91A05I1
MEKKA MOHAN PRAKASH 20B91A05I0

Under the Guidance of


K.SRAVANI
Designation : Assistant Professor Department of CSE, SRKR
Engineering College, Bhimavaram, AP, India
OUTLINE
Introduction about project area
Abstract
Literature Survey
Existing System Advantages & Disadvantages
Problem Statement
Proposed System Advantages
Technology using
Methodology
Architecture
Status of the Project Work
1. INTRODUCTION

Decentralized Finance (DeFi)

Enables global, secure financial transactions without intermediaries.

Immutable Ledgers and Democratization

Provides traceable transactions and opens finance to a broader audience.

Cost and Time Efficiency

Reduces costs and time for crossborder transactions, promoting inclusivity.

Smart Contracts and Consensus

Ensures secure and transparent transactions using smart contracts and consensus algorithms.
2. ABSTRACT
Integration of principles, modern encryption, and cloud computing in a Cryptocurrency Transfer
Application.

Addressing issues like transaction processing, security vulnerabilities, and complex user
interfaces . Incorporation of efficient transactions and robust encryption mechanisms for
enhanced security.

User-friendly interface to streamline and secure cryptocurrency transactions, ensuring


accessibility . Exploration of technology integration with cloud computing to overcome data
security and management challenges.

Overall goal to redefine the user experience and tackle existing challenges in cryptocurrency
transactions.
Literature
survey
s.no Title of the paper Author Journal name Key Findings
and year

1 Review based on Dr. S.V. Sonekar ICETET – SIP,2023 - Identification of essential components
Blockchain and for successful blockchain transactions.
Financial Transactions Saikiran
related to - Emphasis on challenges faced,
Cryptocurrencies Shejal Dandekar including security concerns and legal
across Globe obstacles.
- Highlighting the potential benefits of
proper blockchain implementation, such
as improved operations, data
protection, transparency, and integrity
across industries.
4. Existing System Advantages & Disadvantages
Advantages
1. Decentralization: Blockchain
2. .Security: Cryptography and
offers a decentralized system,
consensus mechanisms make
eliminating the need for
blockchain transactions highly
intermediaries like banks, resulting
secure and resistant to fraud and
in more direct and transparent
hacking.
transactions.

3.Transparency: Transactions on the 4.Efficiency: Blockchain can


blockchain are visible to all streamline processes, reduce
participants, ensuring transparency transaction times, and eliminate the
and accountability. need for complex reconciliations.
DISADVANTAGES
2. Regulatory Uncertainty : Lack of
1.Scalability: Many blockchain
clear regulations in many
networks face challenges in
jurisdictions can create
handling a high volume of
uncertainty for businesses and
transactions, leading to scalability
users, hindering mainstream
issues.
adoption.

4. User Experience and


Accessibility: Cryptocurrency
3. Volatility: Cryptocurrency values
usage can be complex for non-
can be highly volatile, posing risks
technical users, involving private
for investors and limiting its use as
keys, wallet management, and
a stable medium of exchange.
understanding transaction
processes.
6. Proposed System Advantages
User Experience Challenge : Mitigation: Develop a
Cryptocurrency wallets and simplified interface, offer smart Contracts Security :
blockchain interactions are clear instructions, and use Emphasize security in smart
often complex for regular features to mask blockchain contracts.
users. complexities

MetaMask: Browser
extension simplifying
Highlight the decentralized
blockchain interactions,
and internet layer aspects for
enabling users to manage
enhanced security.
digital assets securely within
their browser.
7. Technology using

Front end : React js

/
Block chain integration : Metamask, Solidity

Libraries: web3.js, ethers.js, hardhat

IDE/Workbench: VSCode
Methodology
Environment React.js UI Metamask Solidity Smart
Setup: Development: Integration: Contracts:

• Establish • Create a user • Integrate • Develop and


environments interface using Metamask to implement
for React.js, React.js for the enable secure smart contracts
Metamask, and Web 3.0 wallet using Solidity.
Solidity. blockchain app. interactions. • Ensure that
• Ensure • Design a user- • Facilitate direct smart contracts
compatibility friendly user address the
and frontend to transactions specific
configuration enhance the through functionalities
for seamless overall user Metamask required for the
integration. experience. integration. application.
8.1
Architecture
• Week 1:
• Research Paper Overview: Conducted an in-depth review of research
papers directly related to the project's scope and objectives.-
Identified and comprehensively understood the primary goals and
9. Status of the contributions outlined in the selected research papers.
Project Work • Smart Contract Design Exploration:- Explored existing research or
literature regarding smart contract design principles and best practices
applicable to the project.- Extracted insights on effective
methodologies employed in similar projects, emphasizing their
relevance to the current context
• Week 2:
• Connecting Wallet to Blockchain: Successfully implemented the

9. STATUS OF connection between the user's wallet and the blockchain in the
DApp.- Utilized MetaMask for wallet integration, ensuring a
THE PROJECT secure and user-friendly experience.

WORK • Smart Contract Development: Initiated the development of


smart contracts using Solidity, outlining key functions and
interactions.- Implemented basic functionalities such as
transaction initiation and interaction with the Ethereum
blockchain.

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