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Beyond Bitcoin: A Review Study on the Diverse Future of Cryptocurrency
Subject area: Management and Commerce · Area of research: Finance
Abstract
Cryptocurrencies, spearheaded by Bitcoin, have rapidly evolved from a niche technological experiment into a complex financial ecosystem with far-reaching implications. This review article provides a comprehensive examination of cryptocurrencies, tracing their development from cryptographic fundamentals to real-world applications. Specifically, the study explores various facets including their technical underpinnings, financial instruments derived from cryptocurrencies, security challenges, ethical and regulatory considerations, as well as potential future trajectories and research directions. The multidimensional impact of cryptocurrencies poses unprecedented challenges for policymakers, corporate strategists, and academic researchers alike. By adopting a multidisciplinary approach, this article synthesizes existing literature and empirical findings to provide insights into the risks and opportunities inherent to the cryptocurrency landscape. It also offers policy recommendations aimed at fostering a balanced ecosystem that encourages innovation while ensuring consumer protection and regulatory compliance. The review concludes by highlighting the dynamic nature of the cryptocurrency ecosystem, emphasizing the need for continued scholarly investigation and informed policy frameworks.
Keywords
Cryptocurrencies, Bitcoin, Ethereum, Global Challenges.
References
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How to cite this paper
@article{1705016,
author = {Mohammed Faez Hasan},
title = {Beyond Bitcoin: A Review Study on the Diverse Future of Cryptocurrency},
journal = {Iconic Research And Engineering Journals},
year = {2023},
volume = {7},
number = {3},
pages = {64-69},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1705016.pdf},
abstract = {Cryptocurrencies, spearheaded by Bitcoin, have rapidly evolved from a niche technological experiment into a complex financial ecosystem with far-reaching implications. This review article provides a comprehensive examination of cryptocurrencies, tracing their development from cryptographic fundamentals to real-world applications. Specifically, the study explores various facets including their technical underpinnings, financial instruments derived from cryptocurrencies, security challenges, ethical and regulatory considerations, as well as potential future trajectories and research directions. The multidimensional impact of cryptocurrencies poses unprecedented challenges for policymakers, corporate strategists, and academic researchers alike. By adopting a multidisciplinary approach, this article synthesizes existing literature and empirical findings to provide insights into the risks and opportunities inherent to the cryptocurrency landscape. It also offers policy recommendations aimed at fostering a balanced ecosystem that encourages innovation while ensuring consumer protection and regulatory compliance. The review concludes by highlighting the dynamic nature of the cryptocurrency ecosystem, emphasizing the need for continued scholarly investigation and informed policy frameworks.},
keywords = {Cryptocurrencies, Bitcoin, Ethereum, Global Challenges.},
month = {September},
}