BitPay: Generalising Bitcoin for everyday payments

BitPay - Decentralized Transaction Application

BitPay is a decentralized transaction application built on blockchain technology. It provides a secure and transparent platform for users to conduct peer-to-peer transactions without the need for intermediaries. With Coin Trust, users can transfer digital assets securely and trustlessly, ensuring the integrity and immutability of their transactions.

Features

• Decentralized Transactions: Coin Trust enables users to conduct transactions directly with one another without relying on centralized authorities.
• Blockchain Technology: Built on blockchain technology, Coin Trust ensures the security and immutability of transactions through distributed ledger technology.
• Transparent and Auditable: All transactions on Coin Trust are transparent and auditable, allowing users to track the flow of assets on the blockchain.
• Secure: With cryptographic algorithms and consensus mechanisms, Coin Trust provides a secure environment for users to transact without the risk of fraud or manipulation.
• Wallet Integration: Users can manage their digital assets conveniently through wallet integration, providing easy access to funds for transactions.

How It Works

1. User Registration: Users can register on the Coin Trust platform by creating an account.
2. Asset Management: Users can manage their digital assets within their wallets, including cryptocurrencies and tokens supported by the Coin Trust platform.
3. Initiating Transactions: To initiate a transaction, users specify the recipient's email address, the amount to be transferred, and some basic additional transaction details.
4. Transaction Verification: Transactions are verified and confirmed by the blockchain network through consensus mechanisms, ensuring the validity and integrity of each transaction.
5. Transaction Settlement: Once verified, transactions are recorded on the blockchain and settled, updating the balance of digital assets in the sender's and recipient's wallets accordingly.

Technology Stack

• Blockchain: Coin Trust utilizes a decentralized blockchain network for transaction processing and validation.
• Smart Contracts: Smart contracts are employed to automate and enforce transaction rules and agreements on the blockchain.
• Cryptographic Algorithms: Cryptographic algorithm SHA-256 is used for secure key generation and transaction validation.
• Consensus Mechanisms: Consensus mechanism Proof of Work (PoW) ensures agreement among network participants on the validity of transactions.
• Node.js: Node.js is used to create the server.

Installation

1. Clone the Coin Trust repository from GitHub:

   git clone https://github.com/jhakrishan20/Blockchain-Application-Coin-Trust-.git

2. Install dependencies using npm:

   npm install

3. Run the application:

   npm run dev

   or

   node server.js

Contributing

Contributions to Coin Trust are welcome! If you would like to contribute to the development of Coin Trust, please fork the repository, make your changes, and submit a pull request.

License

Coin Trust is licensed under the MIT License.

Support

For support or inquiries, please contact us at [email protected]