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Understanding the Cryptocurrency, Its Proliferation and Prospects in India

  • Unique Paper ID: 153881
  • Volume: 8
  • Issue: 9
  • PageNo: 149-154
  • Abstract:
  • A cryptocurrency or crypto is blockchain based digital currency; it is basically a collection of binary data, designed using cryptographic methods to make it safe and secure. It is designed to work as a medium of exchange to buy goods and services, and the record of all such online transactions is maintained in decentralized online ledgers. Though; it is unregulated in most of the countries, but due to its secure, transparent and anonymous nature, it gains immense popularity and hype. It is being traded for profits and now emerged as a lucrative medium of investment. The speculative nature of crypto makes it very volatile and prices of the crypto show frequent ups and downs. This study focuses on understanding the cryptocurrency as well as its evolution and proliferation in India.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 8
  • Issue: 9
  • PageNo: 149-154

Understanding the Cryptocurrency, Its Proliferation and Prospects in India

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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