The Role of Blockchain in Cryptocurrency and Information Technology

Abstract

Cryptocurrency is an attribute derived from blockchain that serves the sole purpose of money exchange, similar to Bitcoin. Cryptocurrency can have major benefits but it could push the limits if it would be used for money laundering and terrorist finances since there is an absence of intermediate checks to ensure the transaction integrity and no one comes to know the identity of people who've made the transaction. This paper touches upon the meaning and definition of blockchain and cryptocurrency, a comparison of bitcoin and Ethereum, smart contracts, mining, advantages and drawbacks of cryptocurrency, Properties of blockchain, A study on (The bulk of bitcoins handled by the USA, and how google stops showcasing advertisements of bitcoin and cryptocurrency), Proposed suggestion and Scope for future study.

Graphical Abstract

Novelty Statement

Blockchain can lead to the potential discovery of various new technologies.