The Legal Value of Distributed Ledger Technology in Proving Cryptocurrency Transactions a Comparative Study

Abstract

English Abstract: Distributed ledger technology "Blockchain" is a record in which all transactions made by cryptocurrencies are permanently documented and cannot be deleted, modified or altered. The distributed ledger technology consists of blocks, each block containing the details of each transfer process that took place during a certain period in terms of the public address of both the sender and the addressee, which is an electronic signature for the two parties, the amount of currency transferred and the time of transmission. The question that arises is to which extent is it possible to comprehend the general rules to give legal authenticity to electronic writing and electronic signature included in the distributed record technology to prove transactions made by encrypted currencies?