Introduction and analysis of bitcoin-based blockchain technology principle

Wangshu Zhu

doi:10.54254/2755-2721/14/20230755

Research Article

Open access

Published on 23 October 2023

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Zhu,W. (2023). Introduction and analysis of bitcoin-based blockchain technology principle. Applied and Computational Engineering,14,31-38.

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Introduction and analysis of bitcoin-based blockchain technology principle

Wangshu Zhu *^,1,

¹ Wuhan University

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2755-2721/14/20230755

Abstract

Blockchain technology is a technology that inherently solves trust issues. It has the character-istics of decentralization, distributed storage, tamper resistance, security, and transparency. It ensures reliable communication between nodes that do not trust each other through consensus mechanisms, smart contracts, and other means. Blockchain stores each transaction data on each transaction node to make the data public and transparent, and generates the data into a blockchain.. As a relatively new distributed database system, blockchain has expanded to many other fields since the initial digital currency, but its development is seriously constrained by problems such as large storage overhead and low query efficiency. In order to find a suita-ble optimization method, select the representative blockchain system Bitcoin, analyze its data structure, data storage and data query processing mechanism, discuss the problems existing in the two functions of storage and query, summarize the existing relevant optimization methods, and look forward to the main research problems of the blockchain system represented by Bitcoin in the future.

Keywords

blockchain, bitcoin, data structure

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Cite this article

Zhu,W. (2023). Introduction and analysis of bitcoin-based blockchain technology principle. Applied and Computational Engineering,14,31-38.

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About volume

Volume title: Proceedings of the 5th International Conference on Computing and Data Science

Conference website: https://2023.confcds.org/

ISBN：978-1-83558-019-6(Print) / 978-1-83558-020-2(Online)

Conference date: 14 July 2023

Editor：Alan Wang, Marwan Omar, Roman Bauer

Series: Applied and Computational Engineering

Volume number: Vol.14

ISSN：2755-2721(Print) / 2755-273X(Online)

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