Comparative Study of Cryptocurrency Algorithms: Coronavirus Towards Bitcoin’s Expansion

Abstract

The widespread presence of Corona virus (COVID-19) is causing organizations and individuals major economics downsizing.The way this virus is transmitted from one individual to another is the real cause of the problem.For that, researchers in different fields started seriously looking for touch-less and contact-less exchange.Particularly in the finance world, cash transactions and key pad based transactions are becoming obsolete because they are some of the major causes of the spread of this virus (and other viruses and bacteria).Cryptocurrency could be one of the solutions to the above mentioned situation.This novel money is based on Blockchain technology, which is based on cryptography algorithms for the safety and the security of the transactions.This paper exhibits a comparative study of the asymmetric cryptography algorithms.This helps the user to best choose the most secure, safe and reliable method to encrypt/decrypt the transactions created in the Blockchain.