UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 10 Issue 1
January-2023
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2301222


Registration ID:
506979

Page Number

c177-c187

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Title

Virtual Currencies: Cryptocurrency – Bitcoin

Abstract

Abstract: This article aimed to express the exact meaning of Crypto-currency and its functioning, such as Bitcoin. The article enlightens the economic position and outlook, defining the capabilities to become the strongest mainstream currency. Being a fully decentralized currency, Bitcoin has overcome the limitations of flat money. Its robust characteristics, such as low transaction costs, anonymity, investment possibilities, etc., provide value to it with the restricted supply in the market. Some economists have argued and discussed a few disadvantages like high price volatility, susceptibility to hacking, no protection from a central bank, and consumer protection. However, in the past few years, the public has shown complete trust in blockchain technology, indirectly directing Cryptocurrency and Bitcoin. Thus, most institutions have adopted and applied other currency or digital payment systems, which could have a more systematic impact on the smooth functioning of spending money in the future.

Key Words

Bitcoin, Cryptocurrency, digital currency, POW and POS, technology adoption, Blockchain.

Cite This Article

"Virtual Currencies: Cryptocurrency – Bitcoin", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 1, page no.c177-c187, January-2023, Available :http://www.jetir.org/papers/JETIR2301222.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Virtual Currencies: Cryptocurrency – Bitcoin", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 1, page no. ppc177-c187, January-2023, Available at : http://www.jetir.org/papers/JETIR2301222.pdf

Publication Details

Published Paper ID: JETIR2301222
Registration ID: 506979
Published In: Volume 10 | Issue 1 | Year January-2023
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.32647
Page No: c177-c187
Country: INDORE, Madhya Pradesh, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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