International Journal of Advances in Scientific Research and Engineering-IJASRE

CryptoCurrency (Blockchain) Technology as a Means of Leveraging the Nigeria Economy

Article Category: Computer science engineering

DOI: 10.31695/IJASRE.2019.33657

Pages: 139-146

Author: EBELOGU Christopher U,ORIAKHI Joseph E,OJO Samuel D,AGU Edward O

Abstract: Cryptocurrency is generally known to be a digital record of ownership of nominal balance which can be used to pay for transactions. Thus, for any transaction, the buyer gives instructions to transfer ownership of a certain amount of his balances to the seller. The use of cryptocurrencies such as Bitcoin and Ethereum in performing online transactions has been on the rise and almost accepted generally in the world. Africa as a continent is not left out in the adoption of blockchain and cryptocurrencies. Today, in 2019, the question of whether or not digital money can actually become a useful and secure part of the Nigerian economy is being seriously debated. This paper explores how cryptocurrency technology can be a means of leveraging the Nigeria economy and its extremely large population

Keyword: Cryptocurrency, Blockchain, Bitcoin, Ethereum, Digital Currency, Online Transaction.

This work is licensed under a Creative Commons Attribution 4.0 (International) Licence. (CC BY-NC 4.0)
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