A bibliometric review of cryptocurrencies: how have they grown?

Abstract

With the development of new technologies, some concepts become relevant in the economic area, as is the case with cryptocurrencies, in general, or Bitcoin and Ethereum, in particular. Due to the impact of these tools, a detailed bibliometric study that allows us to obtain all information about cryptocurrencies must be conducted. This study will help scientific production by specifying the development and lines of related research that have been followed and are currently being followed. We have used Tableau, R (Bibliometrix R Package), and VOSviewer software to analyze the information. These have been combined to create and review unified metadata from the Web of Science (WoS) and Scopus databases. The bibliometric analysis shows 771 articles on the WoS database and 648 articles on Scopus published between 2010 and early 2019. They present the most relevant articles, research areas, countries, institutions, authors, journals, and trends during the last few years. In conclusion, the number of publications has grown in the last 3 years. The analysis shows the evolution of blockchain technology used in this type of cryptocurrency. The review of this period marks a possible end to the historical part of cryptocurrencies, thereby opening the current topic to its multiple applications.

Application of a distributed verification in Islamic microfinance institutions: a sustainable model

“…The digital nature of a blockchain transaction allows computer programmers to set up algorithms that automatically complete a transaction between two nodes (García- Corral et al 2022). Therefore, the blockchain technology in the financial system will enable users to have a semi-formal since blockchain system offers a distributed ledger and privacy embedded with utmost security platform to access fund and completely ignore the need to use an interest-based financial system for operation.…”

“…Several successful applications of blockchain-enabled technologies in Islamic financial institutions can be traced, aiming to strengthen Shariah-compliant business models (Abubakar et al 2019;Alam et al 2019;Kabra et al 2020;Mohamed and Ali 2018;Fang et al 2021;García-Corral et al 2022). For example, Emirates NBR can be tracked as the first Islamic bank to integrate blockchain technology initially for cheque-based payment (Kabra et al 2020).…”

“…The application of blockchain-enabled technologies in recent times reportedly functions well in diverse areas: inventory authentication (Düdder and Ross 2017); proof-ofprovinces (Verberne 2018); good labor environment and practice 3 along with finance sectors (Chen and Bellavitis 2020;Treleaven et al 2017;Xu et al 2019). The first cryptocurrency was launched in 2009 with the name bitcoin that works as both a payment system and a fully digital currency (García-Corral et al 2022). Today there are more than 6,537 cryptocurrencies on the market and 200 tokens.…”

Blockchain and digital finance

“…The third group provides systematic literature reviews of cryptocurrency related studies. García-Corral et al ( 2022 ) review 1419 cryptocurrency related articles published between 2010 and 2019, and discuss the evolution of blockchain technology used in cryptocurrency. Fang et al ( 2022 ) provide a comprehensive survey of 146 research papers on cryptocurrency trading and identify opportunities in cryptocurrency trading research.…”

Dinámica científica de software de código abierto en países de habla hispana: estadísticas para la bibliometría

“…(Zhang et al, 2022). Además, ayuda a identificar, analizar y organizar los principales elementos del foco de búsqueda para mostrar la evolución de las tendencias en el tema (García-Corral et al, 2022).…”