College Fees Transaction Using Hash Functions of Blockchain Model

In recent existences, the cryptocurrency has provided great opportunities and challenges for the modern financial industry. Nowadays people to pay the college fees in different ways, such as credit card, cheque, demand draft, and, direct cash. These types of transactions need an intermediate to transfer amount from the merchant to the beneficiary and the intermediate charge a transaction fee to transfer the money. In this hypothesis, we propose a decentration college fee transaction methods using blockchain technology. A blockchain is fundamentally a distributed ledger of the transcript of all transactions that has been accomplished and shared among contributing parties and it does not require any intermediate to transfer the money. Each transaction in the public ledger is confirmable by the participator in the system. Essentially, it’s a disseminated database which manages an endlessly mounting proof of blocks it grips lots of transactions. Thus the concluded blocks are added into the networks in chronological order and each block contains an index, timestamp, data, and previous hash which indicate the previous block.