Self-Mining Blockchain Mobile Unified Payment Interface

In the last decade, the blockchain industry has solidified itself as one of the most secure forms of data storage. The emergence of extremely secure cryptocurrencies that have a plethora of advantages over regular internet banking has brought about a revolutionary change in the banking industry. The mobile payment users have skyrocketed with an estimated proximity mobile payment transaction user count of 1.31 billion in 2023. Therefore, there is a need for a cryptocurrency based unified payment interface (UPI) that would grant additional security and improve the transaction process drastically over the existing mobile payment system. We worked out on this aspect and proposed a scheme that would allow mobile devices to mine blocks themselves and generate their own transactions rather than depending on third-party services or bank servers.