Status of Cryptocurrency: An Insight on Bitcoin and Ethereum

Abstract

Cryptocurrency research is vital for promoting safe, informed, and responsible adoption, benefiting governments, businesses, and individuals alike. With its growing impact on finance, technology, and the global economy, further study is essential. This research reviews literature on Bitcoin and Ethereum, focusing on their features, similarities, advantages, and disadvantages. Sources from journals, reports, proceedings, and other materials were examined to synthesize existing knowledge. The study highlights that while cryptocurrencies offer opportunities, their volatility and regulatory uncertainties pose significant risks. Therefore, cautious and informed decision-making is necessary for users and investors. Overall, this study provides valuable insights for policymakers, practitioners, and researchers, contributing to better strategies for the responsible adoption and regulation of cryptocurrencies.