Cryptocurrency: Trends, Perspectives and Challenges

Cryptocurrency: Trends, Perspectives and Challenges

Puneet , Deepika , Rajdeep Kaur

Puneet , Deepika , Rajdeep Kaur "Cryptocurrency: Trends, Perspectives and Challenges" Published in International Journal of Trend in Research and Development (IJTRD), ISSN: 2394-9333, Volume-4 | Issue-4 , August 2017, URL:

There are many types of currency but the bitcoin is one of the most successful Cryptocurrencies due to its anonymity. Bitcoin has many names like it is known as cryptocurrency, cyber currency or alt coins. Bitcoin or BTC is known as a digital coin, issued for the first time in 2009 and based on a peer to peer system. Bitcoin is most widely used and emerging currency in today world. Bitcoin is valuable because of its various advantages. First of all it is decentralized money. Its two main strength are its anonymity and low transaction cost. So this paper discusses the bitcoin with its history and transaction procedure. Its trends and perspectives are also discussed in this paper. Block chain which seems to come from the concept of Bitcoin is also a part of this paper.

BTC; Alternative private money; block chaining; cryptocurrency; Mining

Volume-4 | Issue-4 , August 2017


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