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<div id="pf1" class="pf w0 h0" data-page-no="1"><div class="pc pc1 w0 h0"><img class="bi x0 y0 w1 h1" alt="" src="https://static.pudn.com/prod/directory_preview_static/622b7dd13d2fbb0007665c96/bg1.jpg"><div class="t m0 x1 h2 y1 ff1 fs0 fc0 sc0 ls0 ws0">Running Head: <span class="_ _0"></span>ANAL<span class="_ _1"></span>YSIS OF BLOCKCHAIN<span class="_ _2"> </span> 1</div><div class="t m0 x2 h3 y2 ff1 fs1 fc0 sc0 ls0 ws0">Analysis of Blockchain</div><div class="t m0 x3 h3 y3 ff1 fs1 fc0 sc0 ls0 ws0">Mike Katerinis & Corbin Sumner</div><div class="t m0 x4 h3 y4 ff1 fs1 fc0 sc0 ls0 ws0">Illinois State University</div></div><div class="pi" data-data='{"ctm":[1.568627,0.000000,0.000000,1.568627,0.000000,0.000000]}'></div></div>
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<div id="pf2" class="pf w0 h0" data-page-no="2"><div class="pc pc2 w0 h0"><img class="bi x0 y0 w1 h1" alt="" src="https://static.pudn.com/prod/directory_preview_static/622b7dd13d2fbb0007665c96/bg2.jpg"><div class="t m0 x1 h2 y1 ff1 fs0 fc0 sc0 ls0 ws0">ANAL<span class="_ _1"></span>YSIS OF BLOCKCHAIN<span class="_ _3"> </span> 2</div><div class="t m0 x5 h4 y5 ff2 fs2 fc0 sc0 ls0 ws0">T<span class="_ _4"></span>able of Contents</div><div class="t m0 x1 h5 y6 ff3 fs3 fc0 sc0 ls0 ws0">Abstract<span class="_ _5"> </span>3</div><div class="t m0 x1 h5 y7 ff3 fs3 fc0 sc0 ls0 ws0">Blockchain: <span class="_ _6"></span>The Innovation of Bitcoin<span class="_ _7"> </span>4</div><div class="t m0 x1 h5 y8 ff3 fs3 fc0 sc0 ls0 ws0">Linking It <span class="_ _1"></span>All T<span class="_ _8"></span>ogether: </div><div class="t m0 x1 h5 y9 ff3 fs3 fc0 sc0 ls0 ws0">A<span class="_ _1"></span> Closer Look at Blockchain<span class="_ _9"> </span>6</div><div class="t m0 x1 h5 ya ff3 fs3 fc0 sc0 ls0 ws0">Operating <span class="_ _1"></span>Analysis of Blockchain<span class="_ _a"> </span>11</div><div class="t m0 x1 h5 yb ff3 fs3 fc0 sc0 ls0 ws0">Alternative Chain: </div><div class="t m0 x1 h5 yc ff3 fs3 fc0 sc0 ls0 ws0">The Other Uses for Blockchain<span class="_ _b"> </span>12</div><div class="t m0 x1 h5 yd ff3 fs3 fc0 sc0 ls0 ws0">Conclusions<span class="_ _c"> </span>14</div><div class="t m0 x1 h5 ye ff3 fs3 fc0 sc0 ls0 ws0">References<span class="_ _d"> </span>15</div></div><div class="pi" data-data='{"ctm":[1.568627,0.000000,0.000000,1.568627,0.000000,0.000000]}'></div></div>
<div id="pf3" class="pf w0 h0" data-page-no="3"><div class="pc pc3 w0 h0"><img class="bi x0 y0 w1 h1" alt="" src="https://static.pudn.com/prod/directory_preview_static/622b7dd13d2fbb0007665c96/bg3.jpg"><div class="t m0 x1 h2 y1 ff1 fs0 fc0 sc0 ls0 ws0">ANAL<span class="_ _1"></span>YSIS OF BLOCKCHAIN<span class="_ _3"> </span> 3</div><div class="t m0 x6 h6 yf ff3 fs4 fc0 sc0 ls0 ws0">Abstract</div><div class="t m0 x7 h7 y10 ff3 fs0 fc0 sc0 ls0 ws0">This paper discusses the Blockchain data structure and an<span class="_ _6"></span>alyzes the operations </div><div class="t m0 x1 h7 y11 ff3 fs0 fc0 sc0 ls0 ws0">of Blockchain in terms of use and ef<span class="_ _6"></span>ficiency<span class="_ _e"></span>. Blockchain is the foundation of many </div><div class="t m0 x1 h7 y12 ff3 fs0 fc0 sc0 ls0 ws0">cryptocurrencies including the popular B<span class="_ _6"></span>itcoin cryptocurrency<span class="_ _e"></span>. The first topic of this </div><div class="t m0 x1 h7 y13 ff3 fs0 fc0 sc0 ls0 ws0">paper describes the most common application of b<span class="_ _6"></span>lockchain, bitcoin mining, at a very </div><div class="t m0 x1 h7 y14 ff3 fs0 fc0 sc0 ls0 ws0">high level in order to clearly illustrate the primary use of t<span class="_ _6"></span>he blockchain data structure. </div><div class="t m0 x1 h7 y15 ff3 fs0 fc0 sc0 ls0 ws0">Next, the paper takes an in-depth look at how blockchai<span class="_ _6"></span>n operates and discuss at length</div><div class="t m0 x1 h7 y16 ff3 fs0 fc0 sc0 ls0 ws0">the inner workings of the blockchain data structure from a tech<span class="_ _6"></span>nical perspective. T<span class="_ _6"></span>he </div><div class="t m0 x1 h7 y17 ff3 fs0 fc0 sc0 ls0 ws0">paper continues by analyzing the operatio<span class="_ _6"></span>ns of blockchain and involves a calculation of </div><div class="t m0 x1 h7 y18 ff3 fs0 fc0 sc0 ls0 ws0">its eff<span class="_ _6"></span>iciency through big-oh analysis. <span class="_ _6"></span>The paper then describes the other applications </div><div class="t m0 x1 h7 y19 ff3 fs0 fc0 sc0 ls0 ws0">of blockchain beyond bitcoin. <span class="_ _6"></span>The paper concludes by restat<span class="_ _6"></span>ing the findings and </div><div class="t m0 x1 h7 y1a ff3 fs0 fc0 sc0 ls0 ws0">observations made in the previous sections.</div></div><div class="pi" data-data='{"ctm":[1.568627,0.000000,0.000000,1.568627,0.000000,0.000000]}'></div></div>