Peer-Reviewed Open Access Journal

IITM Journal of Management and IT

IITM Journal of Management and IT is a Bi-Annual Research Publication of Institute of Information Technology and Management.

P-ISSN: 2349-9826 English Since 2018
Current Issue

Vol. 11 No. 1 (2020)

Articles Volume 11, Issue 1 January-June 2020
DOI 10.65301/iitm.2020.11.1.621

A Brief Survey of Cryptocurrency Systems

Authors
Institute of Innovation in Technology and Management Assistant professor (IT) Janak Puri New Delhi India Assistant professor (IT) Maharaja Surajmal Institute of Technology Janak Puri New Delhi India
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68 Downloads
Published 2020-01-30
Pages 76-82
Abstract

Information and communication Technology (ICT) have change the state of life from the last few years because many activities of daily life have been merged online and they become more productive. Cryptocurrency is specific type of virtual currency which works on the principles of cryptography and electronic medium communication. It gain lots of attention in the recent years. Cryptocurrency has decentralized control and is controlled by non-government bodies. It opposes the centralized digital currency and central banking system because of its decentralized feature. It revolutionizes the digital trade market by creating a free flow trading system which works without any third party. The usage of virtual money or currency has widespread in recent years. this paper highlight the introduction of cryptocurrency, its history , some aspects of it ,working of cryptocurrency and also highlight the future of cryptocurrency in India.

Keywords
Cryptocurrency Bitcoin cryptography decentralize centralized digital currency
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