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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Issue: March 2026
Volume 11 | Issue 3
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 11
Issue Published : 118
Article Submitted : 21604
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| Paper Title: | Blockchain Layers of Security and Mining Difficulties Affecting Block Rewards for Miners of Bitcoin Cryptocurrency |
| Authors Name: | R. Anbazhagan , Dr. K Saraswathi |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_200969
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| Published Paper Id: | IJRTI2503001 |
| Published In: | Volume 10 Issue 3, March-2025 |
| DOI: | http://doi.one/10.1729/Journal.43945 |
| Abstract: | Blockchain Technology is complex to understand but efforts can realise its benefits. Many countries and several States of India has implement blockchain technology in various fields. This research aims to understood the basics of block mining and validation of transaction process in bitcoin cryptocurrency. Elaborating layers contribution in terms of the activities involved in the process of security consensus of blockchain networking systems. Clarify the issues regarding mining difficulties which is adjustable depends upon the quantity of miners participating in the blockchain network. Genesis block of bitcoin was opened on 3rd January 2009, but as on 2nd December 2024 total number of bitcoin 19,790,325, which is already supplied in the universe, the remaining bitcoins will be circulate soon, It is anticipated that the main motivator for bitcoin miners would be transaction fees. Blocks can be Splitting Accidentally at the time of validation by the nodes of blockchain network and hackers may possible to split the block Intentionally to implement changes of the protocol, It causes the problem to getting the rewards of newly mined block. To transfer cryptocurrency from one wallet to another, the transaction must be register on the blockchain network along with the transaction fee by using public and private keys, but the registered transaction remains in a queue of unconfirmed until its validated by nodes, In this situation hackers may possible to hack the wallet. |
| Keywords: | Block size, Block Rewards, Mempool, Difficulty Level, Fork, Layers. |
| Cite Article: | "Blockchain Layers of Security and Mining Difficulties Affecting Block Rewards for Miners of Bitcoin Cryptocurrency", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 3, page no.a1-a6, March-2025, Available :http://www.ijrti.org/papers/IJRTI2503001.pdf |
| Downloads: | 000711 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID: IJRTI2503001
Registration ID:200969
Published In: Volume 10 Issue 3, March-2025
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.43945
Page No: a1-a6 Country: Coimbatore, Tamilnadu, +91 Research Area: Computer Science & Technology Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2503001 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2503001 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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