BITCOINS - The Evolution And Revolution In Currency Market

Authors

  •   Dr. R Jayaparakash Reddy Professor Acharya Institute of Management Sciences, Bangalore, India
  •   Ms.Sushmitha P Research Scholar AIMS Centre for Advanced Research Centre, University of Mysore (UoM), India

Keywords:

Cryptocurrency, Bitcoins, Blockchain, Currency Market, Financial Scenario.

Abstract

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units independently from a central bank using algorithms and blockchains. The main feature of crypto currency is that any central authority does not control it. Bitcoin was the first cryptocurrency in India. Each bitcoin is basically a computer file which is stored in a digital wallet app on smartphone or computer. This paper attempts to understand how crypto currency works and also to understand the awareness among the general public and thereby to understand the impact of bitcoins on the global economy. I would aim to conclude a new age technology will be difficult to replace the existing financial scenario globally.

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Published

2024-05-31

How to Cite

Reddy, D. R. J., & P, M. (2024). BITCOINS - The Evolution And Revolution In Currency Market. Adarsh Journal of Management Research, 14(2), 50–61. Retrieved from https://adarshjournals.in/index.php/ajmr/article/view/173217

References

BOOKS lNickFurneaux - Investigating Cryptocurrencies-2018 4th edition l The Bitcoin Standard-Saifedian Ammous - 2019

MAGAZINES/JOURNALS lLivemint

WEBSOURCES l www.moneycontrol.com l www.unocoin.com l www.researchgate.net l www.cointelegraph.com