Paper Details

Cryptocurrencies have been the topic of conversation in the financial sector recently. Cryptography is used to secure digital currencies. This security feature makes it difficult to counterfeit a cryptocurrency. The most distinctive feature of cryptocurrency and perhaps its most appealing attribute is its organic nature. It is not issued or controlled by any central authority, making it theoretically invulnerable to manipulation or government interference. There are both benefits and drawbacks to cryptocurrencies. This paper discusses cryptocurrencies in detail, including their development and challenges, future prospects, potential opportunities and drawbacks. The paper also addressed technical and practical issues related to cryptocurrencies. The paper concluded that it is difficult to predict the future of cryptocurrency, as there are many issues to be addressed, especially in the area of formal regulations. Banks and other financial institutions need to consider cryptocurrency as an option for future financial transactions.

Cryptocurrency, bitcoin, Blockchain, advantages and disadvantages