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Bitcoin
Introduction With the rise of blockchain solutions and blockchain adoption, Islamic financial institutions are increasingly looking into deploying blockchain into their operations and underlying workflows. Similarly, crypto-projects are being launched with several underlying structures and types of token issuances. Most of the crypto-projects are based on public blockchains and hence need consensus mechanisms. Private blockchains...
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This is an overview and my personal conclusion to an ongoing research in respect to Bitcoin. References and detailed analysis can be viewed in my previous papers. After researching the issue of Bitcoin initially and releasing papers on the topic, I have received feedback from several colleagues from the Islamic finance industry, fellow Shariah advisors...
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The concept of money has been evolving across time. Goods, gold, silver, banknotes, electronic money have all played the role of money. The birth of blockchain technology gave rise to an innovative, decentralised peer to peer payment system called Bitcoin. This gives a glimpse of a futuristic cashless, digital economy. With all the excitement and...
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