Proceedings of the 2024 2nd International Conference on Image, Algorithms and Artificial Intelligence (ICIAAI 2024)

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Exploring the Evolution, Trade-offs, and Applications of Blockchain Technology

Authors
Yuguo Li1, *
1School of Computer Science & Technology, Xi’an University of Posts & Telecommunications, Xi’an, 710121, China
*Corresponding author. Email: isotope@stu.xupt.edu.cn
Corresponding Author
Yuguo Li
Available Online 16 October 2024.
DOI
10.2991/978-94-6463-540-9_32How to use a DOI?
Keywords
Blockchain; Evolution; Trade-offs
Abstract

Sectors including industry and academia. Central to Bitcoin’s innovation is blockchain technology, which has sparked extensive research into its potential beyond simple financial transactions. This paper delves into blockchain technology, examining its historical development, the nuanced trade-offs inherent in its evolving features, and its diverse applications in both permissionless and permissioned environments. Blockchain’s inception as the backbone of Bitcoin marked a revolutionary departure from traditional financial systems, emphasizing transparency, decentralization, and security. However, these characteristics bring trade-offs such as scalability, speed, and energy consumption, which have prompted ongoing debates about the technology’s practicality and efficiency. Furthermore, the applications of blockchain have expanded dramatically, ranging from enhancing supply chain transparency to enabling secure electoral processes, showcasing both permissionless and permissioned blockchain frameworks. Permissionless blockchains, like Bitcoin, allow any user to join and contribute to the network, fostering an open and decentralized environment. In contrast, permissioned blockchains restrict network participation to specific entities, offering greater control and efficiency suited for corporate and governmental needs.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 2nd International Conference on Image, Algorithms and Artificial Intelligence (ICIAAI 2024)
Series
Advances in Computer Science Research
Publication Date
16 October 2024
ISBN
978-94-6463-540-9
ISSN
2352-538X
DOI
10.2991/978-94-6463-540-9_32How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yuguo Li
PY  - 2024
DA  - 2024/10/16
TI  - Exploring the Evolution, Trade-offs, and Applications of Blockchain Technology
BT  - Proceedings of the 2024 2nd International Conference on Image, Algorithms and Artificial Intelligence (ICIAAI 2024)
PB  - Atlantis Press
SP  - 313
EP  - 322
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-540-9_32
DO  - 10.2991/978-94-6463-540-9_32
ID  - Li2024
ER  -