FINANCIAL TRANSACTION PROCESS WITH BLOCKCHAIN TECHNOLOGY AND CREATE CRYPTOCURRENCY WITH ETHEREUM

Abstract

At the present, financial transactions have evolved to the times when technology is growing rapidly. In general, financial transactions between individuals or organizations are inefficient. But these problems can be solved with a new type of technology called Cryptocurrency used in financial transactions. It is believed cryptocurrency is a form of efficient transaction. Because cryptocurrency is not considered currency. It's just an electronic data unit. Cryptocurrency is not accepted by many countries around the world. To test whether this innovative technology is helping to make transactions more secure and transparent. Object of this research is the study of blockchain process and how to create cryptocurrency. The key elements are: 1) Decentralization 2) Distributed Ledger 3) Cryptography.

The study shows that the use of blockchain technology in financial transactions cannot be controlled because it is decentralization. Fast and efficient transaction detection. Blockchain can also be used in other areas besides finance. For example, the food industry, transportation, medicine and travel. The stages of the study and the techniques of creation are presented in detail.