Publication details
The rapid evolution of digital coin transactions powered by blockchain technology
is reshaping the global financial landscape. This study aims to provide a
comprehensive overview of the current state of digital coin transactions, focusing
on its potential benefits and challenges, with a special emphasis on its application
in Bangladesh. The article employs a qualitative methodology, drawing insights
from industry reports, peer-reviewed journals, and authoritative databases. Key
findings reveal that digital coins offer the potential for decentralization,
transparency, and reduced transaction costs, while also presenting challenges such
as volatility, regulatory concerns, and potential misuse in illicit activities. The
article also identifies target audiences who stand to benefit the most from digital
coin adoption, including tech enthusiasts, overseas workers, e-commerce
platforms, and young entrepreneurs. Recommendations for harnessing the potential
of digital coin transactions include implementing robust security protocols,
educational initiatives, clear regulatory guidelines, and exploring energy-efficient
transaction validation methods. Overall, the article suggests that while digital coins
hold vast potential, a harmonized regulatory framework, public awareness, and
education are paramount for their safe and efficient integration into the financial
ecosystem, particularly in developing economies like Bangladesh.