2022, Vol. 2, Issue 1, Part A
Transaction verification in bitcoin blockchain for IOT
Author(s): S Biswas
Abstract: Bitcoin's anonymity features are meant to safeguard users' personal information. Nonetheless, since no one knows who is engaging in unlawful deals, it is feasible for them to occur. We propose a Cipher text policy hierarchy essential element encryption system for combating fraudulent Bitcoin transactions (CP-HAE). These days, online transactions are the norm in the marketplace. Users, a Key Server, a Regulatory Node, and Miners make up the four parts of this system. To make a purchase that includes a financial transaction, the user must first register their data. In this case, the user characteristic used to complete the transaction is the user's identity. Secure it via ciphertext policy encryption. It's an encryption method that uses both ciphertext policy & attribute based keys (CP-HAE). The regulatory node receives verified identities from the key server. The transaction is controlled by the regulatory node, which checks the user's identification. It regulates the transaction by informing the actual user of any unlawful behaviour involving their account if any illegalities or attacks, such as the purchase of firearms, narcotics, etc., are involved in the transaction.
Pages: 62-69 | Views: 22 | Downloads: 11
Download Full Article: Click Here
How to cite this article:
S Biswas. Transaction verification in bitcoin blockchain for IOT. Int J Electron Microcircuits 2022;2(1):62-69.
