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Cryptocurrency-The World of Cryptocurrencies


Affiliations
1 Dept. of (MCA), YMTCollege of Management Kharghar, Navi Mumbai, India
2 Information Technology Departmen, Asia Pay India Pvt. Ltd., Chakala, Mumbai, India
 

Cryptocurrency is a form of secured digital asset. Cryptocurrency is regulated without interference of any centralized financial authorities like Banks. It is controlled online by a group of currency holders themselves which is possible only using Internet.

Cryptocurrencies use decentralized technology to let its users do secured transactions and keep record of all transactions without the need to use intermediate Financial Institutes like bank. They are maintained on a distributed open catalog called blockchain, which is a record of all transactions updated and held by currency holders.


Keywords

Cryptography, Blockchain, Bitcoins, E-Wallet, Bitcoin Mining, Transaction, Payment, Bitgold, Currency.
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  • Nakamoto, Satoshi. “Bitcoin: A Peer-to-Peer electronic Cash System.” https://bitcoin.org/bitcoin.pdf
  • Blundell-Wignall, Adrian. “The Bitcoin Question: Currency Versus Trust-Less Transfer Technology.” OECD Working Papers on Finance, Insurance and Private Pensions, No. 37. OECD Publishing Paris, 2014. http://dx.doi.org/10.1787/5jz2pwjd9t20-en.
  • Siluk, Shirley (2 June 2013). "June 2 "M Day" promotes millibitcoin as unit of choice". CoinDesk. Archived from the original on 7 August 2017. Retrieved 25 May 2017
  • Empson, Rip (28 March 2013). "Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market". TechCrunch. AOL inc. Archived from the original on 9 October 2016. Retrieved 8 October 2016.

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  • Cryptocurrency-The World of Cryptocurrencies

Abstract Views: 25  |  PDF Views: 14

Authors

Priyanka Tandel
Dept. of (MCA), YMTCollege of Management Kharghar, Navi Mumbai, India
Sneha Mestry
Information Technology Departmen, Asia Pay India Pvt. Ltd., Chakala, Mumbai, India

Abstract


Cryptocurrency is a form of secured digital asset. Cryptocurrency is regulated without interference of any centralized financial authorities like Banks. It is controlled online by a group of currency holders themselves which is possible only using Internet.

Cryptocurrencies use decentralized technology to let its users do secured transactions and keep record of all transactions without the need to use intermediate Financial Institutes like bank. They are maintained on a distributed open catalog called blockchain, which is a record of all transactions updated and held by currency holders.


Keywords


Cryptography, Blockchain, Bitcoins, E-Wallet, Bitcoin Mining, Transaction, Payment, Bitgold, Currency.

References