Author Details

Reyan Kumar Sapkota

St. Xavier’s College, Maitighar, Kathmandu



The staggering rate at which cryptocurrencies have climbed up the ladder has caused some serious speculation on the currencies and the technology behind them. The 2008 financial crisis caused an overwhelming response to the proposals of decentralized money and made the pre-existing proposals a living reality. Many companies have started adopting Blockchain technology which has initiated widespread attention toward the technology itself. Blockchain technology has emanated to every nook and corner of the world, and the pace at which it is decentralizing money and other services is alarming to banks and other third-party institutions. Nepal has been a mere spectator, while the world has been reaping the fruits of this profound application of the internet. Over 99 percent of Nepalese teens do not know what Blockchain is and this can cause unnecessary trouble to the country’s administration system soon. The paper is divided into two sections. The first serves as an introduction to the technology and the mechanism underlying it. The second half proposes the smart application of Blockchain Technology to enforce Digital Currency in Nepal. The paper does not attempt to disregard the existing system as useless but tries to propose an efficient alternative way to replace the system for the good. The infant Nepalese technological industry will rise to a sufficiently convenient spot only when the industry embraces the Innovations before it’s too late. So, the research below tries to propose new ways of running day-to-day services with the profound efficiency that Blockchain Technology offers.




Blockchain, Cryptography, Hash function, Merkle Root, Bitcoin White Paper, MDR, Nonce, Proof of Work, Consensus, Mining, Interoperability, Public Key, Private Key, Avalanche Effect.

Please cite this article as:

Reyan Kumar Sapkota, St. Xavier’s College, Maitighar, Kathmandu  (2021). BLOCKCHAIN TECHNOLOGY: THE REVOLUTION THAT THE DIGITAL NEPAL DESERVES International Journal of Recent Research and Applied Studies, 8, 9(3), 12-24.






Leave a Reply

Your email address will not be published. Required fields are marked *