Bitcoin and cryptocurrency challenges, opportunities and future works
Bitcoin and other prominent cryptocurrencies have gained much attention since the last several years. Globally known as digital coin and virtual currency, this cryptocurrency is gained and traded within the blockchain system. The blockchain technology adopted in using the cryptocurrency has raised t...
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| Format: | Article |
| Language: | English |
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JAFEB
2020
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| Online Access: | http://umpir.ump.edu.my/id/eprint/29287/1/9.%20Bitcoin%20and%20cryptocurrency%20challenges%2C%20opportunities%20and%20future%20works.pdf |
| _version_ | 1825813495525933056 |
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| author | Muhammad Ashraf, Fauzi Norazha, Paiman Zarina, Othman |
| author_facet | Muhammad Ashraf, Fauzi Norazha, Paiman Zarina, Othman |
| author_sort | Muhammad Ashraf, Fauzi |
| collection | UMP |
| description | Bitcoin and other prominent cryptocurrencies have gained much attention since the last several years. Globally known as digital coin and virtual currency, this cryptocurrency is gained and traded within the blockchain system. The blockchain technology adopted in using the cryptocurrency has raised the eyebrows within the banking sector, government, stakeholders and individual investors. The rise of the cryptocurrency within this decade since the inception of Bitcoin in 2009 has taken the market by storm. Cryptocurrency is anticipated as the future currency that might replace the current paper currency worldwide. Even though the interest has caught the attention of users, many are not aware of its opportunities, drawbacks and challenges for the future. Researches on cryptocurrencies are still lacking and still at its infancy stage. In providing substantial guide and view to the academic field and users, this paper will discuss the opportunities in the cryptocurrency such as the security of its technology, low transaction cost and high investment return. The originality of this paper is on the discussion within law and regulation, high energy consumption, possibility of crash and bubble, and attacks on network. The future undertakings of cryptocurrency and its application will be systematically reviewed in this paper. |
| first_indexed | 2024-03-06T12:44:52Z |
| format | Article |
| id | UMPir29287 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:44:52Z |
| publishDate | 2020 |
| publisher | JAFEB |
| record_format | dspace |
| spelling | UMPir292872020-12-16T02:50:40Z http://umpir.ump.edu.my/id/eprint/29287/ Bitcoin and cryptocurrency challenges, opportunities and future works Muhammad Ashraf, Fauzi Norazha, Paiman Zarina, Othman QK Botany QM Human anatomy Bitcoin and other prominent cryptocurrencies have gained much attention since the last several years. Globally known as digital coin and virtual currency, this cryptocurrency is gained and traded within the blockchain system. The blockchain technology adopted in using the cryptocurrency has raised the eyebrows within the banking sector, government, stakeholders and individual investors. The rise of the cryptocurrency within this decade since the inception of Bitcoin in 2009 has taken the market by storm. Cryptocurrency is anticipated as the future currency that might replace the current paper currency worldwide. Even though the interest has caught the attention of users, many are not aware of its opportunities, drawbacks and challenges for the future. Researches on cryptocurrencies are still lacking and still at its infancy stage. In providing substantial guide and view to the academic field and users, this paper will discuss the opportunities in the cryptocurrency such as the security of its technology, low transaction cost and high investment return. The originality of this paper is on the discussion within law and regulation, high energy consumption, possibility of crash and bubble, and attacks on network. The future undertakings of cryptocurrency and its application will be systematically reviewed in this paper. JAFEB 2020 Article PeerReviewed pdf en cc_by_nc_4 http://umpir.ump.edu.my/id/eprint/29287/1/9.%20Bitcoin%20and%20cryptocurrency%20challenges%2C%20opportunities%20and%20future%20works.pdf Muhammad Ashraf, Fauzi and Norazha, Paiman and Zarina, Othman (2020) Bitcoin and cryptocurrency challenges, opportunities and future works. Journal of Asian Finance, Economics and Business, 7 (8). pp. 695-704. ISSN 2288-4645. (Published) https://doi.org/10.13106/jafeb.2020.vol7.no8.695 https://doi.org/10.13106/jafeb.2020.vol7.no8.695 |
| spellingShingle | QK Botany QM Human anatomy Muhammad Ashraf, Fauzi Norazha, Paiman Zarina, Othman Bitcoin and cryptocurrency challenges, opportunities and future works |
| title | Bitcoin and cryptocurrency challenges, opportunities and future works |
| title_full | Bitcoin and cryptocurrency challenges, opportunities and future works |
| title_fullStr | Bitcoin and cryptocurrency challenges, opportunities and future works |
| title_full_unstemmed | Bitcoin and cryptocurrency challenges, opportunities and future works |
| title_short | Bitcoin and cryptocurrency challenges, opportunities and future works |
| title_sort | bitcoin and cryptocurrency challenges opportunities and future works |
| topic | QK Botany QM Human anatomy |
| url | http://umpir.ump.edu.my/id/eprint/29287/1/9.%20Bitcoin%20and%20cryptocurrency%20challenges%2C%20opportunities%20and%20future%20works.pdf |
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