Theoretical framework of single-molecule electronics is introduced in this paper. Two-terminal device is the fundamental device for single molecule electronics. We have designed the two-probe system in which guanine is sandwiched between two semi-infinite gold electrodes .Tunneling current is computed using a density functional theory combined with Non- Equilibrium Green’s function theory of quantum transport based on landauer approach. We have investigated the guanine electrical properties in two-terminal as well as three-terminal device that is we are using the gate as third terminal. The resulting two and three-terminal set-up have shown a negative differential region in I-V Characteristics of guanine. The peak to valley current increases on increasing the gate voltage from negative to positive source from -4Vg to +4Vg but with a very small amount of IE-15A. The guanine molecules have shown very good conducting properties which can be used in designing two and three terminal nanoelectronic devices.
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