Exploring Bitcoin Cryptocurrency: An Analysis, Applications and its Market Influence

Abstract

Being in this digital era, technology continuously updates with new variants in providing security while performing the financial transactions. It is a mandated task for the user for conducting secure transactions in order to defend the intruders to restrict the interference. This paper deals with digital currency-Cryptocurrency, that provides a medium of secure exchange between the peers during financial management. Authors explored the internal scheme of bitcoin and the abstract view of cryptocurrency to know how the bitcoin is providing a shield during financial negotiation between peers with various application in security point of view.