Hashgraph: A Decentralized Security Approach Based on Blockchain with NFT Transactions

  • Divya P
  • Rajeshwaran S
  • Parthiban R
  • et al.
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Abstract

Blockchain technology is used by developers to establish computational confidence in their goods. As a result, organizations and individuals who may not know or trust one another may collaborate quickly and cheaply. You can create and exchange value, establish identity, and check with public distributed ledgers, and the blockchain server is unique in that it achieves the same result as the most widely used public blockchains (such as Bitcoin or Ethereum). These advantages are due to the underlying hash-graph consensus technique and the global enterprise governing body that now owns and manages our proposed project’s efficient blockchain nodes. We will execute NFT transactions using our hedera-optimized blockchain network. This recommended approach combines a variety of areas, including encryption, banking, and financial transactions. The introductory portion below describes the study that allows NFT transactions in the hedera-optimized network phase of the three. This is the first eminent research on the NFT Transaction on the blockchain approach that we are aware of. By adopting an efficient method between data centers and HCS technology, it is possible to assess our multichain approach to banking and financial circumstances with ease. This technique for computational confidence in banking and financial situations is both economical and effective. The incident response and prevention team can quickly enhance any difficult and complicated procedure. It falls under the capability of NFT with blockchain to act rapidly and decide in a perplexed condition. It offers the easiest, most efficient route throughout the transaction phase for interacting with potential customers, integrating test-net, main-net, and mirror-net. With the simplicity of calculation and computation on this enhanced blockchain server, it draws new customers in the future.

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APA

Divya, P., Rajeshwaran, S., Parthiban, R., Ananth Kumar, T., & Jayalakshmi, S. (2023). Hashgraph: A Decentralized Security Approach Based on Blockchain with NFT Transactions (pp. 33–50). https://doi.org/10.1007/978-981-99-0550-8_3

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