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Year 2022, Volume: 10 Issue: 1, 60 - 65, 30.06.2022
https://doi.org/10.51354/mjen.1034912

Abstract

References

  • [1]. S. Nakamoto, Bitcoin: A Peer-to-Peer Electronic Cash System. https://bitcoin.org/bitcoin.pdf , May-2009 (Accessed on 20.07.2018).
  • [2]. Vitalik Buterin. Ethereum white paper, 2013. https://github.com/ethereum/wiki/wiki/White-Paper
  • [3]. A. Polvora, Blockchain Now and Tomorrow, European Commission, Joint Research Centre, Brussels – Belgium, 2019.
  • [4]. A. Çarkacıoğlu, Kripto-para Bitcoin. Research Report, Capital Markets Board of Turkey, Research Department, December-2016.
  • [5]. A. M. Antonopoulos, Mastering Bitcoin. 1st Edition, O’Reilly Media, Inc., December-2014.
  • [6]. Prypto, Bitcoin for Dummies, A Wiley Brand. John Wiley & Sons, Inc., ISBN-13: 978-1119076131, 2016.
  • [7]. E. Rykwalder, The Math Behind Bitcoin. https://www.coindesk.com/math-behind-bitcoin/ October-2014 (Accessed on 20.07.2018).
  • [8]. T. Sert, Sorularla Blockchain, Türkiye Bilişim Vakfı, 2019.
  • [9]. Arvind Narayanan, Joseph Bonneau, Edward Felten, Andrew Miller, and Steven Goldfeder. Bitcoin and cryptocurrency technologies: A comprehensive introduction. 2016.
  • [10]. J. Bonneau, A. Miller, J. Clark, A. Narayanan, J. A. Kroll, and E. W. Felten. Sok: Research perspectives and challenges for bitcoin and cryptocurrencies. In 2015 IEEE Symposium on Security and Privacy, pages 104{121, May 2015.
  • [11]. Williams, Mark (2010). Uncontrolled Risk. McGraw-Hill Education. s. 213. ISBN 978-0-07-163829-6.
  • [12]. Andreas M. Antonopoulos, 2014, “Mastering Bitcoin”, O’Reilly, 330 s.
  • [13]. B. Preneel, Cryptographic Hash Functions, European Transactions on Telecommunications, 5, (1994), 431-448.
  • [14]. C. Pomerance, Factoring, Cryptology and Computational Number Theory, vol. 42, Proceedings of Symposia in Applied Mathematics, 27–47, American Mathematical Society, 1990.
  • [15]. R.L. Rivest, A. Shamir, And L.M. Adleman, A method for obtaining digital signatures and public-key cryptosystems”, Communications of the ACM, 21 (1978), 120–126.
  • [16]. K.S. Mccurley, The discrete logarithm problem”, C. Pomerance, editor, Cryptology and Computational Number Theory, volume 42 of Proceedings of Symposia in Applied Mathematics, 49–74, American Mathematical Society, 1990.
  • [17]. R.C. Merkle, "Protocols for public key cryptosystems," In Proc. 1980 Symposium on Security and Privacy, IEEE Computer Society, pages 122-133, April 1980.
  • [18]. R.C. Merkle, A Certified Digital Signature, Advances in Cryptology - CRYPTO '89, 9th Annual International Cryptology Conference, Santa Barbara, California, USA, August 20-24, 1989, Proceedings.
  • [19]. Dwork, Cynthia; Naor, Moni (1993). "Pricing via Processing, Or, Combatting Junk Mail, Advances in Cryptology". CRYPTO’92: Lecture Notes in Computer Science No. 740. Springer. ss. 139-147.
  • [20]. S. King, S. Nadal, Ppcoin: Peer-to-Peer crypto-currency with Proof of Stake, 2012, https://archive.org/details/PPCoinPaper

A glance at blockchain technology and cryptocurrencies as an application

Year 2022, Volume: 10 Issue: 1, 60 - 65, 30.06.2022
https://doi.org/10.51354/mjen.1034912

Abstract

Blockchain technology, which includes cryptocurrencies such as Bitcoin, Ethereum,…etc [1,2] which has been evaluated as an investment tool by many people all over the world in recent years, needs to be examined in details, both mathematically and conceptually [8,9]. In fact, it can be said that blockchain technology, which is characterized as an accounting system and database based on distributed ledgers in its most basic form, is extremely secure in terms of copying data or attacking. For this reason, we can say that technology has a more effective security mechanism than any central state-of-the-art authoritative system used today. However, as it is almost impossible to bring all of the security, speed and cost parameters to their full extend in a system at the same time, as in any cryptosystem, the security parameter from the distributed ledger structure in blockchain technology adversely affects the speed and cost parameters. In this article, we discuss the cryptographic working principles of cryptocurrencies, which is an application field of blockchain technology, together with blockchain technology and the features and structures of the blocks contained.

References

  • [1]. S. Nakamoto, Bitcoin: A Peer-to-Peer Electronic Cash System. https://bitcoin.org/bitcoin.pdf , May-2009 (Accessed on 20.07.2018).
  • [2]. Vitalik Buterin. Ethereum white paper, 2013. https://github.com/ethereum/wiki/wiki/White-Paper
  • [3]. A. Polvora, Blockchain Now and Tomorrow, European Commission, Joint Research Centre, Brussels – Belgium, 2019.
  • [4]. A. Çarkacıoğlu, Kripto-para Bitcoin. Research Report, Capital Markets Board of Turkey, Research Department, December-2016.
  • [5]. A. M. Antonopoulos, Mastering Bitcoin. 1st Edition, O’Reilly Media, Inc., December-2014.
  • [6]. Prypto, Bitcoin for Dummies, A Wiley Brand. John Wiley & Sons, Inc., ISBN-13: 978-1119076131, 2016.
  • [7]. E. Rykwalder, The Math Behind Bitcoin. https://www.coindesk.com/math-behind-bitcoin/ October-2014 (Accessed on 20.07.2018).
  • [8]. T. Sert, Sorularla Blockchain, Türkiye Bilişim Vakfı, 2019.
  • [9]. Arvind Narayanan, Joseph Bonneau, Edward Felten, Andrew Miller, and Steven Goldfeder. Bitcoin and cryptocurrency technologies: A comprehensive introduction. 2016.
  • [10]. J. Bonneau, A. Miller, J. Clark, A. Narayanan, J. A. Kroll, and E. W. Felten. Sok: Research perspectives and challenges for bitcoin and cryptocurrencies. In 2015 IEEE Symposium on Security and Privacy, pages 104{121, May 2015.
  • [11]. Williams, Mark (2010). Uncontrolled Risk. McGraw-Hill Education. s. 213. ISBN 978-0-07-163829-6.
  • [12]. Andreas M. Antonopoulos, 2014, “Mastering Bitcoin”, O’Reilly, 330 s.
  • [13]. B. Preneel, Cryptographic Hash Functions, European Transactions on Telecommunications, 5, (1994), 431-448.
  • [14]. C. Pomerance, Factoring, Cryptology and Computational Number Theory, vol. 42, Proceedings of Symposia in Applied Mathematics, 27–47, American Mathematical Society, 1990.
  • [15]. R.L. Rivest, A. Shamir, And L.M. Adleman, A method for obtaining digital signatures and public-key cryptosystems”, Communications of the ACM, 21 (1978), 120–126.
  • [16]. K.S. Mccurley, The discrete logarithm problem”, C. Pomerance, editor, Cryptology and Computational Number Theory, volume 42 of Proceedings of Symposia in Applied Mathematics, 49–74, American Mathematical Society, 1990.
  • [17]. R.C. Merkle, "Protocols for public key cryptosystems," In Proc. 1980 Symposium on Security and Privacy, IEEE Computer Society, pages 122-133, April 1980.
  • [18]. R.C. Merkle, A Certified Digital Signature, Advances in Cryptology - CRYPTO '89, 9th Annual International Cryptology Conference, Santa Barbara, California, USA, August 20-24, 1989, Proceedings.
  • [19]. Dwork, Cynthia; Naor, Moni (1993). "Pricing via Processing, Or, Combatting Junk Mail, Advances in Cryptology". CRYPTO’92: Lecture Notes in Computer Science No. 740. Springer. ss. 139-147.
  • [20]. S. King, S. Nadal, Ppcoin: Peer-to-Peer crypto-currency with Proof of Stake, 2012, https://archive.org/details/PPCoinPaper
There are 20 citations in total.

Details

Primary Language English
Subjects Engineering
Journal Section Research Article
Authors

Turgut Hanoymak 0000-0002-3822-2202

Ömer Küsmüş 0000-0001-7397-0735

Early Pub Date July 3, 2022
Publication Date June 30, 2022
Published in Issue Year 2022 Volume: 10 Issue: 1

Cite

APA Hanoymak, T., & Küsmüş, Ö. (2022). A glance at blockchain technology and cryptocurrencies as an application. MANAS Journal of Engineering, 10(1), 60-65. https://doi.org/10.51354/mjen.1034912
AMA Hanoymak T, Küsmüş Ö. A glance at blockchain technology and cryptocurrencies as an application. MJEN. June 2022;10(1):60-65. doi:10.51354/mjen.1034912
Chicago Hanoymak, Turgut, and Ömer Küsmüş. “A Glance at Blockchain Technology and Cryptocurrencies As an Application”. MANAS Journal of Engineering 10, no. 1 (June 2022): 60-65. https://doi.org/10.51354/mjen.1034912.
EndNote Hanoymak T, Küsmüş Ö (June 1, 2022) A glance at blockchain technology and cryptocurrencies as an application. MANAS Journal of Engineering 10 1 60–65.
IEEE T. Hanoymak and Ö. Küsmüş, “A glance at blockchain technology and cryptocurrencies as an application”, MJEN, vol. 10, no. 1, pp. 60–65, 2022, doi: 10.51354/mjen.1034912.
ISNAD Hanoymak, Turgut - Küsmüş, Ömer. “A Glance at Blockchain Technology and Cryptocurrencies As an Application”. MANAS Journal of Engineering 10/1 (June 2022), 60-65. https://doi.org/10.51354/mjen.1034912.
JAMA Hanoymak T, Küsmüş Ö. A glance at blockchain technology and cryptocurrencies as an application. MJEN. 2022;10:60–65.
MLA Hanoymak, Turgut and Ömer Küsmüş. “A Glance at Blockchain Technology and Cryptocurrencies As an Application”. MANAS Journal of Engineering, vol. 10, no. 1, 2022, pp. 60-65, doi:10.51354/mjen.1034912.
Vancouver Hanoymak T, Küsmüş Ö. A glance at blockchain technology and cryptocurrencies as an application. MJEN. 2022;10(1):60-5.

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