Ethereum blockchain-based system design and prototyping of Libyan Dinar currency

Joint Authors

Kaab, Ali Farij
Muhammad, Abd al-Rahman B. al-Haj
Muhammad, Suhayb B. al-Haj
Abu Rudos, Usamah Abu Bakir Salim
Muhammad, Ramadan Amir Ali

Source

International Science and Technology Journal

Issue

Vol. 2022, Issue 31 (30 Nov. 2022), pp.1-18, 18 p.

Publisher

Libyan Society for Research and Scientific Studies

Publication Date

2022-11-30

Country of Publication

Libya

No. of Pages

18

Main Subjects

Banking and Financial Sciences

Abstract AR

في هذه الورقة نقترح عملة الدينار الليبي الرقمي )الرمزي( )دل ر(، عملة رقمية مستقرة تخضع لمعيار(20ERC-) على سلسلة الكتل ايثيريوم، ليتم إصدارها بواسطه مؤسسة مالية موثوقة ودعمها بالدينار الليبي كعملة مرجعيه بحيث تضل قيمة العملة الرقمية دائما مساويه للدينار الليبي، نناقش في الورقة مفهوم العملة المستقرة وماهية شبكة الايثيريوم، ونتابع لخطوات إنشاء والتعامل مع العقد المنشئ للعملة، أخيرا نناقش المزايا التي تمنحها العملة الرقمية للمستخدمين والتجار عند استعمالها كبديل للعملات الورقية، ويناقش أيضا بعض العقبات المحتملة للمشروع وحلول مقترحة.

Abstract EN

The Libyan Dinar token (LDT) is introduced in this paper as, a stable digital currency subject to the (ERC-20) standard on the Ethereum blockchain, to be issued by a trusted financial institution and supported by the Libyan dinar as a reference currency so that the value of the digital currency remains.

It is always equal to the Libyan dinar.

the concept of a stable currency and what is the Ethereum network were discussed.

The following steps of creating and dealing with the contract that creates the currency.

Finally, discuss the advantages that digital currency gives to users and merchants when using it as an alternative to fiat currencies.

some potential obstacles are mentioned in this paper and suggested solutions.

American Psychological Association (APA)

Kaab, Ali Farij& Muhammad, Abd al-Rahman B. al-Haj& Muhammad, Suhayb B. al-Haj& Abu Rudos, Usamah Abu Bakir Salim& Muhammad, Ramadan Amir Ali. 2022. Ethereum blockchain-based system design and prototyping of Libyan Dinar currency. International Science and Technology Journal،Vol. 2022, no. 31, pp.1-18.
https://search.emarefa.net/detail/BIM-1595052

Modern Language Association (MLA)

Kaab, Ali Farij…[et al.]. Ethereum blockchain-based system design and prototyping of Libyan Dinar currency. International Science and Technology Journal No. 31 (Nov. 2022), pp.1-18.
https://search.emarefa.net/detail/BIM-1595052

American Medical Association (AMA)

Kaab, Ali Farij& Muhammad, Abd al-Rahman B. al-Haj& Muhammad, Suhayb B. al-Haj& Abu Rudos, Usamah Abu Bakir Salim& Muhammad, Ramadan Amir Ali. Ethereum blockchain-based system design and prototyping of Libyan Dinar currency. International Science and Technology Journal. 2022. Vol. 2022, no. 31, pp.1-18.
https://search.emarefa.net/detail/BIM-1595052

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references: p. 17-18

Record ID

BIM-1595052