• Dr. Varsha Agarwal
• Sanya Rathod
• Vinamre Khated
• Prerana Bhandari

Cryptocurrency also known as virtual currency, exists only digitally and does not rely on banks for transactions. It uses encryption to verify transactions and thus got the name cryptocurrency. This suggests advance coding is involved in storing the data. It aims to provide security and safety to its users. It is distributed over a large number of devices. It uses organizational methods like blockchains to ensure integrity of the transactional data. Using the block chain technology is a complex process but the transactions made using this technology make it hard for hackers to tamper with. Blockchain is a distinct type of database that stores data in blocks which is then chained together. Data base collects data and stores it electronically on devices. Once a block is filled with data it gets attached to previous block forming a chronological order of the data. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT). In this transactions are recorded with a well-established cryptographic signature called hash. Blockchain is a different kind of technology which is operated by the people who use it, therefore the owners of cryptocurrency have trust that it has some value. Blockchain is a growing and reliable platform that also adds security to the user’s ledger. SUMMARY OF RESEARCH This paper focuses on the evident rise in cryptocurrency and how it works. In this paper we recognise that “digital currency could become a key currency for settling transactions”. It gives us an insight as to what a boon it might be for the government as well day to day investors as it helps their portfolio to grow. This paper also shows that regardless of cryptocurrency being volatile in nature, it is still attracting a lot of investors. The authors of this paper Sanya, Prerana and Vinamre conclude that cryptocurrency is an emerging field and is gaining popularity day by day. It is considered to be a great platform of investment and will be the future of payments. PURPOSE STATEMENT This research has been conducted in order to study and understand cryptocurrency. For the purpose of this study a questionnaire was used to help us understand the response of people towards cryptocurrency. The main aim of this research was to analyse the impact of cryptocurrency on its people and the economy. This research study was conducted in Bangalore, Karnataka, India during the month of August, 2021. The demographic limitation of this study is India.

: cryptocurrency, bitcoin, virtual currency, blockchain, cryptography.

"CRYPTOCURRENCY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 9, page no.a400-a410, September-2021, Available :http://www.jetir.org/papers/JETIR2109055.pdf

"CRYPTOCURRENCY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 9, page no. ppa400-a410, September-2021, Available at : http://www.jetir.org/papers/JETIR2109055.pdf