Research on Secure Payment in the Process of Currency Transactions in Digital Economy Through Blockchain Technology

  • Unique Paper ID: 195921
  • Volume: 12
  • Issue: 11
  • PageNo: 4076-4084
  • Abstract:
  • This paper briefly introduces the consensus algorithm in blockchain technology. In order to improve the efficiency and security of the consensus algorithm, on the basis of simplifying the consensus steps, the credit mechanism was introduced, and the improved algorithm was applied to the secure payment of digital economy currency transactions. Simulation experiments were conducted. The experiment tested the average response time and throughput of secure payment under different numbers of currency transaction items and different blockchain consensus algorithms. Moreover, the tampering status of transaction information under different numbers of tampered virtual nodes was also tested. The results showed that the average response time of secure payment under the improved practical byzantine fault tolerance consensus algorithm adopted in the currency transaction process was the most stable and shortest. It also had the largest throughput and could effectively resist attacks from third parties

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{195921,
        author = {Aniket Machindra Shelar and Pranjali Deshmukh and Nishant Narawade and Sanika Mulay and Narayan Bhojne},
        title = {Research on Secure Payment in the Process of Currency Transactions in Digital Economy Through Blockchain Technology},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {11},
        pages = {4076-4084},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=195921},
        abstract = {This paper briefly introduces the consensus algorithm in blockchain technology. In order to improve the efficiency and security of the consensus algorithm, on the basis of simplifying the consensus steps, the credit mechanism was introduced, and the improved algorithm was applied to the secure payment of digital economy currency transactions. Simulation experiments were conducted. The experiment tested the average response time and throughput of secure payment under different numbers of currency transaction items and different blockchain consensus algorithms. Moreover, the tampering status of transaction information under different numbers of tampered virtual nodes was also tested. The results showed that the average response time of secure payment under the improved practical byzantine fault tolerance consensus algorithm adopted in the currency transaction process was the most stable and shortest. It also had the largest throughput and could effectively resist attacks from third parties},
        keywords = {Blockchain; Currency Transaction; Digital Economy; Secure Payment},
        month = {April},
        }

Cite This Article

Shelar, A. M., & Deshmukh, P., & Narawade, N., & Mulay, S., & Bhojne, N. (2026). Research on Secure Payment in the Process of Currency Transactions in Digital Economy Through Blockchain Technology. International Journal of Innovative Research in Technology (IJIRT), 12(11), 4076–4084.

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