Crowdfunding dApp: Blockchain-based fundraising protocol

Crowdfunding dApp: Blockchain-based fundraising protocol
Author(s):
Isha Purushotham, K P Sajith, Kaarnik Jamwal, Sarthak Kumar, Jeevanjot Singh, Y Mohamadi Begum
Keywords:
Application Binary Interface, Decentralized Application, Distributed Ledger Technology, Proof of Work, Proof of Stake, Cryptocurrency, Merkle-Patricia Tree, Cryptography
Abstract
Using blockchain as the underlying technology, many things in the current financial systems can be improved. But it’s not only related to financial stuff though, many other things can also be improved. One of them is no censorship crowdfund. As building any censorship resistance app is “LITERALLY IMPOSSIBLE”, crypto networks will be used to get around it. Reimagining the following prospects of crowdfunding using block chain technology will come into the picture in making and validating a transaction which will make the app different and more secure than the other apps available in the market. This paper presents a possibility of implementing conventional crowdfunding by utilizing the transparency and immutable features of block chain technology which works on improving all the weird aspects of existing crowdfunding apps that a centralized application can have.
Article Details
Unique Paper ID: 156380 Publication Volume & Issue: Volume 9, Issue 3 Page(s): 465 - 470
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