SYSTEMATIC IMPLEMENTATION OF BLOCKCHAIN TRANSACTIONS AND TRANSACTION DATA PROCESSING
Keywords:
blockchain, problems, areas of application, consensus, synchronous data processing technologies.Abstract
This article presents a systematic analysis of blockchain technology and its application in modern digital networks. It focuses on the challenges of distributed blockchain architectures, followed by a discussion of key application areas. The study examines mathematical models and algorithms for implementing the core components of blockchain, and systematically analyzes the underlying inconsistencies of the technology, including a brief description of its internal processes, such as data encoding and consensus algorithms. The study points to the potential for developing blockchain-based services, particularly through the use of smart contracts, which facilitate transactions between independent network users. These smart contracts facilitate the creation of decentralized, autonomous organizational units that operate according to their own rules and with minimal external intervention. dApps exponentially surpass traditional Software systems offer a wide range of capabilities, particularly in terms of flexibility, transparency, and security. By leveraging the principles of peer-to-peer networks, where everyone has equal rights, blockchain technologies enable peer-to-peer transactions without intermediaries. This capability underpins the development of a core data processing platform for decentralized autonomous organizations (DAOs)—a new digital business model. Blockchain-based solutions provide a secure and inherently decentralized platform for transactions and data processing. Perhaps the most tangible advantage of blockchain over traditional database paradigms is its algorithmic governance through a unified protocol. In short, this article provides recommendations for using blockchain as a method for maintaining a unified data ledger, particularly in synchronized data management and processing systems.
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