An overview of the history of block chain and crypto currencies 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 block chain. The Chinese block chain 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 block chain came into being, their advantages, disadvantages and efficiencies.

Keywords


Volume 1, Issue 3
Summer 2021
Pages 65-79

  • Receive Date 18 July 2020
  • Revise Date 22 August 2020
  • Accept Date 29 August 2020