Paper Key : IRJ************122
Author: Tanmay Rajkumar Shinde
Date Published: 03 Nov 2024
Abstract
A model created to provide simple, safe, and fasttransactions on digital currencies through newcryptocurrency payments applications is the focusof my paper. Some of the problems paymentsystems now meet are related to the speed, fees,and security necessary for the successfulexpansion of the digital currencies. By the use ofan innovative blockchain technology andendpoint user interface, users are enabled to taketheir assets from the server, send them to theminers, get them validated and store keys with abanking level of security. Further, biometric andmulti-signature assurance are the methodsemployed through the inclusion of advancedsecurity measures. The execution of these smartcontracts here lowers human intervention intransaction processes; thus, we remove numerousunneeded participants and lower the cost oftransactions. This essay serves to be nimble in alayman's language, focusing mainly on technicalarchitecture, security protocols, and userengagement strategies employed in digitalcurrency apps development, which strive tocontribute to the broader adoption of digitalcurrency in everyday transactions.
DOI LINK : 10.56726/IRJMETS63230 https://www.doi.org/10.56726/IRJMETS63230