An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends

  • Unique Paper ID: 156483
  • PageNo: 790-799
  • Abstract:
  • Blockchain, the foundation of Bitcoin, has received extensive attentions recently. Blockchain serves as an immutable ledger which allows transactions take place in a decentralized manner. Blockchain-based applications are springing up, cov- ering numerous fields including financial services, reputation system and Internet of Things (IoT), and so on. However, there are still many challenges of blockchain technology such as scalability and security problems waiting to be overcome. This paper presents a comprehensive overview on blockchain technology. We provide an overview of blockchain architechture firstly and compare some typical consensus algorithms used in different blockchains. Furthermore, technical challenges and recent advances are briefly listed. We also lay out possible future trends for blockchain.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{156483,
        author = {Prabhjot Kaur and Jaspreet kaur},
        title = {An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {9},
        number = {3},
        pages = {790-799},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=156483},
        abstract = {Blockchain, the foundation of Bitcoin, has received extensive attentions recently. Blockchain serves as an immutable ledger which allows transactions take place in a decentralized manner. Blockchain-based applications are springing up, cov- ering numerous fields including financial services, reputation system and Internet of Things (IoT), and so on. However, there are still many challenges of blockchain technology such as scalability and security problems waiting to be overcome. This paper presents a comprehensive overview on blockchain technology. We provide an overview of blockchain architechture firstly and compare some typical consensus algorithms used in different blockchains. Furthermore, technical challenges and recent advances are briefly listed. We also lay out possible future trends for blockchain.},
        keywords = {Blockchain, decentralization,consensus, scalability},
        month = {},
        }

Cite This Article

Kaur, P., & kaur, J. (). An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends. International Journal of Innovative Research in Technology (IJIRT), 9(3), 790–799.

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