THE ISSUES AND CHALLENGES OF

CRYPTOCURRENCY

BY

GODWIN ODIETE AKRO

DSPT/COM/2021/37501

A SEMINAR WORK PRESENTED TO

THE DEPARTMENT OF COMPUTER SCIENCE

SCHOOL OF APPLIED SCIENCES AND
TECHNOLOGY
DELTA STATE POLYTECHNIC,
OTEFE-OGHARA

IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR

THE AWARD OF NATIONAL DIPLOMA (ND) IN
COMPUTER SCIENCE

AUG, 2022.
i
 CERTIFICATION

This is to certify that this seminar work was carried out by GODWIN ODIETE
AKRO with MAT. NO. DSPT/COM/2021/37501 in the Department of
Computer Science, School of Applied Sciences, Delta State Polytechnic Otefe-
Oghara under the supervision of:

…………………………………… Date……………………….
MR. AKANMU A. A. G.
(Seminar Supervisor)

………………………………... Date……………………….
DR. A. N. OKUMBOR
Head of department (H.O.D)

ii
 DEDICATION

This seminar work is dedicated to my wonderful and lovely parents the person
of Mr. and Mrs. Obialor and also siblings for their financial and moral support
throughout my educational carrier.

iii
 ACKNOWLEDGMENT

My gratitude goes to GOD ALMIGHTY for the gift of life and grace through
my education pursuit, and to my amiable supervisor MR. AKANMU A. A. G.
for his guidance during the seminar work. Also to my parent MR. and MRS.
AKRO for their moral, spiritual support and financial support given to me
during the process of writing this seminar. I also acknowledge some set of
distinguish persons who have made impact in my life, to my lectures, sibling
and friends.

iv
 TABLE OF CONTENTS
TITLE PAGE - - - - - - - - - i
CERTIFICATION - - - - - - - ii
DEDICATION - - - - - - - - iii
ACKNOWLEDEGMENT - - - - - - iv
TABLE OF CONTENT - - - - - - v
ABSTRACT - - - - - - - - vii
CHAPTER ONE: INTRODUCTION

1.0 INTRODUCTION - - - - - - - 1

1.1 BACKGROUND TO THE STUDY - - - - - 2

1.2 SCOPE OF THE STUDY - - - - - - 2

1.3 AIM AND OBJECTIVES OF THE STUDY - - - - 2

1.4 DEFINITION OF TERMS - - - - - - 3

CHAPTER TWO: LITERATURE REVIEW

2.0 OVERVIEW OF CRYPTOCURRENCY WALLET - - 5

2.1 COMPACTIBILITY OF CRYPTOCURRENCY WALLET - 6

2.2 BANKS THAT WORK WITH CRYPTOCURRENCY WALLET 6

2.3 SECURITY OF CRYPTOCURRENCY WALLET - - - 7

CHAPTER THREE: DISCUSSION

3.0 UNDERSTANDING CRYPTOCURRENCY - - - 8

3.1 TYPES OF CRYPTO CURENCY WALLETS - - - 8

3.2 TYPES OF CRYPTO WORKING PRINCIPLE OF A CRYTO

CURRENCY WALLET - - - - - - 9

v
3.3 THE RELEVANCE OF CRYPTOCURRENCY WALLET - 12

3.4 ISSUES AND CHALLENGES OF CRYTO CURRENCY - 12

CHAPTER FOUR:

SUMMARY, CONCLUSION AND RECOMMENDATION

4.0 SUMMARY - - - - - - - 15

4.1 CONCLUSION - - - - - - - - 15

4.2 RECOMMENDATION - - - - - - - 15

REFERENCES - - - - - - - - 16

vi
 ABSTRACT

At the evolution of monetary transactions, cryptocurrency become the monetary

transaction into the mainstream use and become globally accepted. With ever-
expanding resources in terms of both capacity and efficiency, it is easier to
perform monetary transaction in term of cryptocurrency. In this paper, a study
on cryptocurrency transaction and crypto currency wallet has been performed
that identified some challenges on the transaction processes and then suggest
some solutions to mitigate the challenges.

vii