Bitcoin: Mystery, History and Background Innovative Technology Involved

Abstract

Bitcoin has been a renowned and most eminent cryptocurrency since it's inception in 2008. It is a hot topic of debate and created a lot of buzz in the financial world as well as the technology sector. Consequently there are critics as well as admirers of Bitcoin. There are many intricate features like Anonymity, Decentralization, Privacy, Peer to Peer network, Security and Robustness etc which led to the worldwide fame and exponential growth in price of Bitcoin. In this paper we will throw light on the complex features and technology behind Bitcoin. I have performed a comprehensive study of the Bitcoin. I have performed an exhaustive study on the Bitcoin price speculation and technology behind it and found it very interesting and innovative. In this research I will be evaluating all the complex features of the Bitcoin and present it in a limpid and intelligible way. I will try to clear all the buzz around the hype of the Bitcoin.