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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
Call For Paper - Volume 12 | Issue 5 | Month- May 2024
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Published Paper Details:
Paper Title
COMPARING TRANSACTION SPEEDS PER UNIT OF ENERGY CONSUMED OF TRADITIONAL FINANCIAL SYSTEMS AND BLOCKCHAIN SYSTEMS
Authors
Pranav Kalkotwar
Keywords
blockchain, VisaNet, transaction, energy, digital ledger
Abstract
Transactions or exchange of value between parties engaged in various relationships be it business or personal use are the backbone of the economy. Transaction efficiency in terms of resources consumed when transferring money from one party to another is an important factor which can have massive impacts on the overall growth of the economy. We require a resource efficient - I.e. money transaction systems which are capable of providing transaction services at low cost, high speed & with minimal energy consumption. Here, in this paper, I compare the transaction speeds of Legacy Financial Institutions & Blockchain systems per unit of energy consumed.
We came to a conclusion that at the moment Legacy Financial Institutes comes out as clear winner in terms of transaction speed per unit of energy consumed.
IJCRT's Publication Details
Unique Identification Number - IJCRT2205313
Paper ID - 219752
Page Number(s) - c770-c772
Pubished in - Volume 10 | Issue 5 | May 2022
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Pranav Kalkotwar, "COMPARING TRANSACTION SPEEDS PER UNIT OF ENERGY CONSUMED OF TRADITIONAL FINANCIAL SYSTEMS AND BLOCKCHAIN SYSTEMS", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.10, Issue 5, pp.c770-c772, May 2022, Available at :http://www.ijcrt.org/papers/IJCRT2205313.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
ISSN and 7.97 Impact Factor Details
ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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