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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:IJSREM42768

A Secure and Flexible Blockchain Based Decentralized Transaction Online Payment Protocol

Stream/Area:

-

Subject:

-

Paper ID:

IJSREM42768

Volume:

9 |

3 |

Mar 2025

Pages:

Publication Frequency:

Monthly (12 issues per year)

DOI
Digital Object Identifier
Not assigned

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

PN

Prof.S.B. Nazirkar1

AT

Aditi Tantak2

KH

Komal Halnor3

SG

Shraddha Gadekar4

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Abstract

This paper proposes a secure and flexible blockchain-based decentralized online payment protocol designed to enable fast, transparent, and low- cost transactions while maintaining user privacy and scalability. The protocol leverages a hybrid blockchain model combining public and private chains to enhance decentralization and transaction speed. It utilizes smart contracts for automated payments, tokenization for multi-currency support, and off-chain payment channels for scalability. Key security features include multi-signature wallets, encryption, and privacy protocols like zero-knowledge proofs. The solution supports seamless integration with existing payment gateways and cross-chain interoperability, offering a scalable, secure, and user- friendly system for decentralized online payments.

KEYWORDS

Blockchain Transaction Security system Privacy Verification system Banking Security Online Payments Bitcoin Smart contract Protocol.

Cite This Article

Prof.S.B. Nazirkar1, Aditi Tantak2, Komal Halnor3, Shraddha Gadekar4, "A Secure and Flexible Blockchain Based Decentralized Transaction Online Payment Protocol," International Journal of Scientific Research in Engineering and Management, vol. 9, no. 3, Mar 2025.

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Publication Date

3/22/2025

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Double-Blind Peer Review

Review Rounds: 2

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1

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The authors declare no conflict of interest related to this research work.

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