In 2017, a study on the market of cryptocurrencies was done by a group of researchers (including the director of this thesis), getting the results based on the data obtained from the moment that the Bitcoin was introduced into the market, and was the only crypto-currency that existed, until the moment that the study began. Now, five years after, this market has suffered a bunch of different changes and faced ups and downs. This thesis has been done with the objective of confirming that the outcomes obtained from the previous study are still useful to analyze the new market or if we have to approach the new data in a different way, in case the market does not follow the patterns concluded in 2017.
The advantages and disadvantages of blockchain technology in cryptocurrency attacks will be explained in this article. Digital currency has been widely used around the world. The soaring value of digital currencies has also led to an increase in the use of cryptocurrency. Cryptocurrency is a form of payment that can be exchanged online for goods and services. The increasingly popular use of cryptocurrency around the world is causing criminals, and hackers are starting to attack cryptocurrency on an ongoing basis. With the advent of blockchain technology, it managed to save the digital currency system with the availability of a decentralized database. Each block has many transactions, and for new transactions will be recorded and added to a decentralized database with a cryptographic signature that does not change making it difficult for abuse and theft. The authors have examined the strengths and weaknesses of the blockchain in cryptocurrency attacks. As a result, the authors support that this blockchain technology can help deal with cryptocurrency attacks that occur.