Methods for Flexible Management of Blockchain-Based Cryptocurrencies in Electricity Markets and Smart Grids

The growing trend in the use of blockchain-based cryptocurrencies in modern communities provides several advantages, but also imposes several challenges to energy markets and power systems, in general. This paper aims at providing recommendations for efficient use of digital cryptocurrencies in today's and future smart power systems, in order to face the challenging aspects of this new technology. In this paper, existing issues and challenges of smart grids in the presence of blockchain-based cryptocurrencies are presented and some innovative approaches for efficient integration and management of blockchain-based cryptocurrencies in smart grids are proposed. Also some recommendations are given for improving the smart grids performance in the presence of digital cryptocurrencies and some future research directions are highlighted.