An Empirical Study of Variation of Blockchain to Address the Issue of Verification and Validation
摘要
Data protection and verification are constantly at risk, and blockchain technology is trying to address this problem effectively. This technology fundamentally changed how we perceive our online safety. Two widely recognized blockchain technology variations namely ethereum and lightweight will be examined in the following paper. The two technologies will be compared with respect to execution time, gas prices, storage efficiency, and scalability. Our research will validate digital data using small to large datasets and propose the best framework for large scale applications. According to our findings, the lightweight blockchain increases the efficiency of gas consumption by 40% to 50% in all data sets, making it suitable for frequent transactions. However, due to off-chain hashing operations, it takes an additional 8–12% of execution time. Lightweight systems provide 90% more storage efficiency than typical systems since they simply save hash references rather than the entire record. In contrast, ethereum offers greater security because of its full on-chain storage, but at the expense of gas costs and general scaling constraints. The study concludes that while the lightweight blockchain provides an effective and scalable alternative for carrying out frequent and high-volume data validation, ethereum should be used for applications that demand transparency, credibility and accountancy. For large-scale blockchain implementations, a hybrid method that combines both frameworks might provide the optimum balance between security, cost, and effectiveness.