Blockchain-Based Cryptocurrency Regulation: An Overview
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Blockchain‑Based Cryptocurrency Regulation: An Overview Satya Prakash Yadav1 · Krishna Kant Agrawal1 · Bhoopesh Singh Bhati2 · Fadi Al‑Turjman3,4 · Leonardo Mostarda5 Accepted: 20 September 2020 © Springer Science+Business Media, LLC, part of Springer Nature 2020
Abstract Governments and industry leaders have already carried out programs to fully evaluate the strengths of blockchain and how it needs to be incorporated into everyday practices. Several segments performed faster than others. The integration of blockchain technologies into everyday activities within large multinationals was officially communicated, with the money part being the snappiest out of the squares, the promotion and the market part. Where integration of blockchain technologies can provide secure, accessible digital versions to all parties in a transaction, and smart contracts can be used to manage the workflow of approvals and automatically transfer payment upon all signatures being collected. As indicated by Gartner, blockchain innovation has just reached the height of the advertisement process and entered a time of decline, which is recognizing the authenticity of blockchain innovation. The perspective for innovation in blockchain looks magnificent and the increases created by acquiring the innovation are unforeseen. The general consensus is that passing the time of swelled desire was a significant advance in the transformation of blockchain across the infomercial process. The viewpoint for blockchain innovation looks splendid and the increases produced using receiving the innovation will be inconceivable. How the innovation is grasped will be the way to how it benefits the monetary markets and the world when all is said in done. Keywords Blockchain · Spectrum sharing · BTC · Cryptocurrency · Bitcoin
* Bhoopesh Singh Bhati [email protected] 1
ABES Institute of Technology (ABESIT), Ghaziabad 201009, India
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Ambedkar Institute of Advanced Communication Technologies and Research Govt. of N.C.T Delhi, Geeta Colony, New Delhi, Delhi, India
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Artificial Intelligence Engineering Department, Near East University, Nicosia, Mersin 10, Turkey
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Research Centre for AI and IoT, Near East University, Nicosia, Mersin 10, Turkey
5
Computer Science Department, Camerino University, Camerino, Italy
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1 Introduction Blockchain has been around since the advancement of Bitcoin. However, Bitcoin Founder Satoshi Nakamoto raised concerns about the emerging virtual money in the midst of the last global budgetary emergency. During the old times, the emphasis remained generally on the cryptographic money itself and not the innovation behind it. In general, the benefits of a bitcoin will definitely make it a powerful transaction method. A lot has changed ever since and the Bitcoin costs may keep on breaking into an unchartered area, the innovation behind Bitcoin and numerous digital currencies which have been driven since then it all the rave. This innovation is called a blockchain. The blockchain is a s
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