Abstract
Blockchain is also used for bitcoin transactions as a technology for accumulating data files in the cloud for key distribution and file manipulation in distributed fashion. It is a service of cloud that manages elasticity of compute cloud, storage, and technology of network security (i.e., secure solution to store and share information by offering a distributed ledger service). In distributed systems, abandoned events are much more frequent than centralized system. This concept causes a number of issues including data reliability, high economical cost, and information system security. In this chapter, the authors present a new framework in blockchain to supervise the cloud server for administration of blockchain, which is verified the transaction reliability in peer-to-peer networks for sharing of data files in centralized manner. Each transaction can be generated keys for server authentication to verify all the connected members for monitoring the web server.
Key Terms in this Chapter
Block: A block is a container data structure which contain series of transactions. Each transaction within a block is digitally signed and encrypted and verified by the peer node of blockchain network.
Bitcoin: Bitcoin is a cryptocurrency, a form of electronic cash. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Cloud Computing: This is the on-demand obtainability of computing resources, particularly computing power and data storage, devoid of direct active management by the user.
Blockchain: The Blockchain is a decentralized computation and information sharing platform that enables multiple authoritative domains, who don’t trust each other, to cooperate, coordinate and collaborate in a rational decision-making process.
Cryptocurrency: Cryptocurrency is a mechanism designed to work for the online secure payments system using cryptography.