Published Paper Details:

Rapid advancements in financial technology have led to the adoption of new technologies, prompting research into how these innovations can enhance economic and social benefits. Blockchain technology, first introduced in 2008 alongside the rise of Bitcoin after the global financial crisis, has significantly impacted the finance and business sectors. Despite common misconceptions that blockchain and Bitcoin are the same, they are distinct concepts.This research paper will explore the definition of blockchain technology, along with its key advantages and disadvantages, and its role in modern financial systems. It will also examine why cryptocurrency miners, particularly those involved with Bitcoin, choose this technology. Blockchain operates based on three main principles: an open ledger, a distributed database, and mining. Its inherent advantages, including trust and high security, make it applicable in finance and business. Additionally, blockchain technology is a driving force behind the ongoing smart revolution, serving as a crucial tool for managing various aspects of everyday life by protecting transactions from fraud and ensuring the integrity of transaction execution.