BLOCKEXCHANGE: CRYPTOCURRENCY EXCHANGE THROUGH BLOCKCHAIN

Computer Science Engineering

In recent years, the rapid rise of Blockchain technology and cryptocurrencies has shifted the financial industry, resulting in the birth of a new crypto-economy. The bitcoin blockchain is a fundamental component of a number of crypto-currencies. Blockchain technology provides the foundation for a variety of businesses, including cryptocurrency exchange, laundering of anti-money tracking systems, healthcare, real estate, supply chain, and logistics monitoring. The findings revealed that blockchain is a relatively new technology and that nodes in the network share data without putting their trust in other nodes. Cryptocurrency is a peer-to-peer digital exchange system in which cryptography is used to generate and distribute currency units. People used cryptocurrencies for a variety of purposes, including trading, necessitating the establishment of a cryptocurrency exchange. Cryptocurrency exchange users profit from the fact that they can exchange money without having to rely on a centralized authority. Users in the crypto world purchase, sell, and exchange crypto coins in the blockchain network, which is one of the most important features of using this technology. A user can use an Ethereum smart contract to buy or sell ERC20 tokens in the decentralized distributed network with the swap. This paper will help people in the blockchain network in using swapping as a reliable and efficient method of trading crypto coins or tokens in the blockchain network. Smart contracts, which are computer protocols that automate the negotiation and enforcement of agreements between numerous untrustworthy parties, have enabled decentralized applications without the use of a trusted third party. We also look at the creation of a blockchain-based application that ensures that no one may change the code of the program.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.