An overview of the blockchain history and cryptocurrencies in e-commerce

Document Type : Original Article

Authors
1 BS student in Financial Management, Sari Branch, Islamic Azad University, Sari, mazandaran iran
2 BS student in Business Management, Sari Branch, Islamic Azad University, Sari, Iran
Abstract
Following the financial crisis and distrust of central institutions in 2002, the world's financial markets were confronted with a new phenomenon called virtual currencies or cryptocurrencies, which rapidly engulfed and transformed the world. Digital currency or cryptocurrency is a special form of digital money that is based on the science of cryptography. The currency code is not managed by any bank and can be used to buy and sell worldwide. These cryptocurrencies are produced in the context of a special network called the Chinese blockchain. The Chinese blockchain is hailed as a technological innovation that makes it possible to revolutionize the way trade and society interact in today's era. In this article, we are going to explain how cryptocurrencies and the Chinese blockchain came into being, their advantages, disadvantages and efficiencies.

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  • Receive Date 13 March 2022
  • Revise Date 01 June 2025
  • Accept Date 23 April 2022