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A Secure and Flexible Blockchain Based Decentralized Transaction Online Payment Protocol

  • Unique Paper ID: 180666
  • Volume: 12
  • Issue: 1
  • PageNo: 1729-1732
  • Abstract:
  • This paper proposes a secure and flexible blockchain-based decentralized online payment protocol designed to enable fast, transparent, and low-cost transactions while maintaining user privacy and scalability. The protocol leverages a hybrid blockchain model combining public and private chains to enhance decentralization and transaction speed. It utilizes smart contracts for automated payments, tokenization for multicurrency support, and off-chain payment channels for scalability. Key security features include multi signature wallets, encryption, and privacy protocols like zero-knowledge proofs. The solution supports seamless integration with existing payment gateways and cross chain interoperability, offering a scalable, secure, and userfriendly system for decentralized online payments.
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  • ISSN: 2349-6002
  • Volume: 12
  • Issue: 1
  • PageNo: 1729-1732

A Secure and Flexible Blockchain Based Decentralized Transaction Online Payment Protocol

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