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How to Write a Research Paper About Blockchain Technology and Cryptocurrencies

Oct 25, 2022, 4:42PM
4 min, 55 sec READ
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Given its importance, we will show you how to write a research paper about blockchain and cryptocurrency that will stand out from the crowd.

Through research paper writing, you slowly enter the world of science. In a research paper, it is essential to set a problem and a hypothesis, that is, an assumption that there is an independent variable that affects another dependent variable. Research must prove the connection between these variables to accept the scientific assumption. The same applies to the field of cryptocurrency, a current topic that keeps scholars occupied.

Choose the right topic

First, we know that there are many cryptocurrency topic ideas. Therefore, students need to choose a research paper topic that will reflect the current industry trends and cast a new light on an emerging idea. 

The process of writing a research paper takes a lot of time, and you will be much more motivated if you have a sincere desire to learn more about this topic. It would be best to consider whether you have access to the necessary resources (such as primary and secondary sources) to conduct detailed research on your topic.

On the other hand, we know how tight deadlines may be, and students often have other duties to perform. In such situations, you can hire an expert at PapersOwl to find a topic, do cryptocurrency research, and provide high-quality articles avoiding plagiarism throughout the entire course. 

The service cooperates with knowledgeable writers experienced in Bitcoin and other cryptocurrencies, meaning they will write research papers on a provided subject or explore the most suitable topics for you. 

Look for the best areas in blockchain to do research

Blockchain has become another Internet buzzword in the last year or two, a term that very few people understand. Lately, it can be found more and more often in tech media and the mainstream. Probably the main reason for this lies in the dizzying growth of the value of cryptocurrencies and their growth (for example, currently, over 1000 digital currencies operate in the Coindesk cryptocurrency market with a tendency for future growth). 

Conceptually, cryptocurrencies are somewhere between mathematics, sociology, economics, finance, law, and politics. Therefore, it is unsurprising that many people (including IT professionals and developers) do not know much about this topic. 

Accordingly, when writing research papers about blockchain technology and cryptocurrencies, try to narrow the selection to topics such as banking and payments, forecasting, the Internet of things, cyber security, digital assets, or supply chain management. They still have much to explore within and the potential for quality research papers.

Figure out some good researchable ideas for the use of cryptocurrencies

After preliminary research, the next step is finding quality ideas about Ethereum, Bitcoins, or other currencies. For example, you'd like to write about Bitcoin transactions, so do your best to get a related idea. It can be counterproductive if you don't work through the topic thoroughly. In other words, it will become clear that there is nothing to investigate, and the result will be zero.

Let's give you a practical example. Topics such as Factors that determine the cryptocurrency price and Performance evaluation of Bitcoin and Ethereum are specific enough to turn your research ideas into reality. You can also write about investors and the financial privacy of confidential transactions and Ethereum smart contracts.

Find sources of information

To understand the research paper's writing process, you must know the basic rules. After defining the topic, the next step is gathering information. Accordingly, you need to find different sources corresponding to your topic. For example, statistical data collected through a crypto market analysis is relevant to a crypto trading topic. You'll find more about relevant trends, prices, and other essential records for your papers. 

The information you will find on the Internet should be analyzed since websites and various forums are not the most reliable sources. So, only using a reliable source of information will do the job. With that in mind, we suggest you check comprehensive cryptocurrency resources and refer to a complete guide on current trends.

Therefore, state what you researched, what you used to conduct the research, how you set up and carried out the research, how and when you measured or observed changes, and how you recorded the results. You can supplement the description with a photo, drawing, table, etc.

Classify the facts, make an outline, and write

The work's most critical and challenging part is interpreting the obtained results. Here, with quantitative facts, we move on to thinking, observing relationships, making evaluations and judgments, and confirming or rejecting the set hypothesis. 

The interpretation of the results is usually textual but with very concise and precise evaluations. It is essential to leave out thinking about some result between individual facts. For these reasons, only the main representative results should be announced in the research paper outline, not all.

Once you've decided on your sources, you must compile a preliminary bibliography. It is necessary to write the authors, the year of publication of the book or magazine, where it was published, and the number of pages. And, of course, be sure to write down the page number, which contains the necessary information.

When writing, pay special attention to requests concerning fonts, wording, and others. It would help if you always remembered the formal rules of research work. It is advisable to carry out all the necessary checks while writing a draft version, which will help avoid many future problems. Finally, the research paper conclusion should summarize the text and convey the audience to start asking more.

Summary

Different techniques and methodologies for writing scientific and professional papers, especially among Bitcoin technology researchers, can often cause certain doubts and fear and lead to wasted time and creativity. We discussed some excellent techniques regarding papers targeting digital currency and Bitcoin issues, so you can combine all elements to create a quality paper.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.