A Brief Survey of Cryptocurrency Systems

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Published: 2020-01-30
Authors:
Sushma Malik1 Malik1
Institute of Innovation in Technology and Management Assistant professor (IT) Janak Puri New Delhi India
Anamika Rana2 Rana2
Assistant professor (IT) Maharaja Surajmal Institute of Technology Janak Puri New Delhi India
DOI: https://doi.org/10.65301/iitm.2020.11.1.621
Keywords:
Cryptocurrency, Bitcoin, cryptography, decentralize, centralized, digital currency

Issue

Volume 11, Issue 1 January-June 2020

Section

Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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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.

Article Details

References

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