Blockchain Interaction in Sending Ethereum
Author: Sahil Bansal
Department of Computer Science and Engineering,
Panipat Institute of Engineering and Technology, Haryana, India
Abstract-
If you are actively using internet and like to surf what’s going around, you definitely come up with the word blockchain. So, I believe that blockchain has the power to revolutionize the internet. basically, what blockchain do is it makes the whole system completely decentralized which means there is no one in the middle you can directly send funds from one address to another address irrespective of banks. In this paper a model is proposed through which you can store your and send ethers over the Ethereum blockchain with the minimum gas consumed. We have referred certain papers to come up this project, Transaction fees optimization in the Ethereum blockchain and Blockchain challenges and opportunities.
Keywords:
Ethereum, Solidity, Smart-contracts, Blockchain, Ethers, State Transition System, Merkle Trees.
List of Abbreviations:
BC: Blockchain, Eth: Ethereum, EVM: Ethereum Virtual Machines, pow: proof of works, pos: proof of states, dApps: decentralized applications.
