ISSN 1119-4618
 

Review Article 
JPAS. 2022; 22(2): 344-355


An overview on Impact of Bitcoin on Monetary activities in Nigeria

samaila musa, Ameena Ahmed Almakura.

Abstract
Electronic cash or cyber cash and virtual currency are all forms of digital currencies. Indeed, computers on the Bitcoin network check for unauthorized attempts to alter transactional records. The importance cannot be over-stated, as virtually every human civilization, every bank, council and local library is based on a centralized or decentralized organizational structure. Bitcoin is a digital currency that is referred to as cryptocurrency because it is a form of electronic currency that relies on cryptographic techniques, the science of making and breaking codes, to prove identity and authenticity and to enforce read and write access to the Bitcoin network. This paper examines the features of bitcoin, the stakeholders in it, the mining process, and the position of Central Bank of Nigeria. This paper will help the new researchers to work on bitcoin and it integration challenges in the financial system.

Key words: Bitcoin, Electronic cash, Bitcoin network, cryptocurrency, Nigeria economy and internet


 
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Pubmed Style

musa s, Almakura AA, . An overview on Impact of Bitcoin on Monetary activities in Nigeria. JPAS. 2022; 22(2): 344-355.


Web Style

musa s, Almakura AA, . An overview on Impact of Bitcoin on Monetary activities in Nigeria. https://www.atbuscienceforum.com/?mno=137323 [Access: November 12, 2022].


AMA (American Medical Association) Style

musa s, Almakura AA, . An overview on Impact of Bitcoin on Monetary activities in Nigeria. JPAS. 2022; 22(2): 344-355.



Vancouver/ICMJE Style

musa s, Almakura AA, . An overview on Impact of Bitcoin on Monetary activities in Nigeria. JPAS. (2022), [cited November 12, 2022]; 22(2): 344-355.



Harvard Style

musa, s., Almakura, A. A. & (2022) An overview on Impact of Bitcoin on Monetary activities in Nigeria. JPAS, 22 (2), 344-355.



Turabian Style

musa, samaila, Ameena Ahmed Almakura, and . 2022. An overview on Impact of Bitcoin on Monetary activities in Nigeria. Science Forum (Journal of Pure and Applied Sciences), 22 (2), 344-355.



Chicago Style

musa, samaila, Ameena Ahmed Almakura, and . "An overview on Impact of Bitcoin on Monetary activities in Nigeria." Science Forum (Journal of Pure and Applied Sciences) 22 (2022), 344-355.



MLA (The Modern Language Association) Style

musa, samaila, Ameena Ahmed Almakura, and . "An overview on Impact of Bitcoin on Monetary activities in Nigeria." Science Forum (Journal of Pure and Applied Sciences) 22.2 (2022), 344-355. Print.



APA (American Psychological Association) Style

musa, s., Almakura, A. A. & (2022) An overview on Impact of Bitcoin on Monetary activities in Nigeria. Science Forum (Journal of Pure and Applied Sciences), 22 (2), 344-355.