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Bundelkhand University, Jhansi: "Data Mining"

This seminar report discusses data mining and blockchain technology. It provides an overview of blockchain, including a brief history, how it works, its architecture and types. It describes how cryptocurrencies use blockchain through mining and cryptography. The report outlines several benefits of blockchain technology and ways businesses already use it. It also discusses the current and future use of blockchain in India beyond cryptocurrencies, and concludes with opportunities and challenges for further development.

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Jailaxmi Yadav
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158 views6 pages

Bundelkhand University, Jhansi: "Data Mining"

This seminar report discusses data mining and blockchain technology. It provides an overview of blockchain, including a brief history, how it works, its architecture and types. It describes how cryptocurrencies use blockchain through mining and cryptography. The report outlines several benefits of blockchain technology and ways businesses already use it. It also discusses the current and future use of blockchain in India beyond cryptocurrencies, and concludes with opportunities and challenges for further development.

Uploaded by

Jailaxmi Yadav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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BUNDELKHAND UNIVERSITY, JHANSI

Institute of Engineering & Technology (Department of Computer Science and Engineering)

Seminar Report
On

“Data Mining”

CO-ORDINATOR: SUBMITTED TO:


Dr. Sadik Khan Er. B.P. Gupta
Head of Department Seminar In-charge
Computer Sci. & Engg. Dept. Computer Sci. & Engg. Dept.
IET BU, Jhansi IET BU, Jhansi

SUBMITTED BY:
Jai Laxmi Yadav
Roll No: 191381030030
B.Tech (CSE) VII Semester
ACKNOWLEDGEMENT

Whenever a module of work is completed successfully, a source of inspiration and guidance is always
there for the student. I, hereby take the opportunity to think of all those people who helped me in
preparing the seminar.
I would like to express my gratitude to our respected seminar In-charge Er. B.P. Gupta for the
guidance and help I received from them.
I would like to express my special thanks of gratitude to Dr. Sadik Khan who gave me the golden
opportunity to do this project.
I would also like to thank Dr. Lalit Kumar Gupta, Er. Vijay Kumar Verma, Er. B.B. Niranjan,
Er. Priyanka Pande, Er. Manoj Verma, Er. Akhilesh kumar, Er. Keshav Kumar Tiwari, Er.
Anurag Kumar and all the other faculty members of the IET Computer Science and Engineering
Department
for their timely and precious help.

Jai Laxmi Yadav


Roll No: 191381030030
B.Tech(CSE) VII Semester
ABSTRACT

A Blockchain is essentially a distributed database of records or public ledger of all transactions or


digital events that have been executed and shared among participating parties. Each transaction in the
public ledger is verified by consensus of a majority of the participants in the system. And, once
entered, information can never be erased. The blockchain contains a certain and verifiable record of
every single transaction ever made. Cryptocurrency is a form of digital or virtual currency designed to
work as a medium of exchange. These have emerged as an important financial software system. These
cryptocurrencies are generated by a process called mining. Mining is an integral process that not only
creates the currency but also adds records of past transactions to the distributed ledger (collection of
transactions) known as blockchain. The use of blockchain and cryptography, enables security in the
environment and makes it robust in nature. Cryptocurrencies are designed using a peer-to-peer system,
so they are not centrally owned by anyone, like the regular currencies. For the mining of such digital
currencies, we have to rely on miners to validate the currency and its creation. To provide security to
the currency, it uses cryptography to secure and verify transactions as well as to control the creation of
new units of a particular cryptocurrency. Cryptocurrencies are limited entries in a database that no one
can add activity to unless specific conditions are fulfilled. There are almost more than 1600
cryptocurrencies in the market right now, and many more are created daily. Bitcoin, Ethereum, Tether,
Binance coin, are some of the top ranked cryptocurrencies today. Bitcoin, the decentralized peer-to-
peer digital currency, is the most popular example that uses blockchain technology. The digital
currency bitcoin itself is highly controversial but the underlying blockchain technology has worked
flawlessly and found a wide range of applications in both the financial and nonfinancial world. The
main hypothesis is that the blockchain establishes a system of creating a distributed consensus in the
digital online world. This allows participating entities to know for certain that a digital event happened
by creating an irrefutable record in a public ledger. It opens the door for developing a democratic open
and scalable digital economy from a centralized one. There are tremendous opportunities in this
disruptive technology and revolution in this space has just begun. We then look at the challenges ahead
and business opportunities in this fundamental technology that is all set to revolutionize our digital
world.
CONTENTS

Serial No. Short Description Page No.

1. Introduction 1-2
2. Brief History 3
3. Blockchain Version 4
4. Blockchain Working 5
5. Architecture of Blockchain 6-7
6. Types of Blockchain 8
7. Blockchain Cryptocurrency 9-12
8. Benefits of Blockchain Technology 13-14 9. Ways Businesses are already
using Blockchain 15
10. Use of Blockchain Technology in India 16-18
11. Blockchain beyond Cryptocurrency 19-20
12. Future Scope 21
13. Conclusion 22
14. References 23
15. Slides 24-29

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