Unveiling Cryptocurrency

Abstract

Bitcoin was launched in 2009 by an anonymous group called Satoshi Nakamoto . Since the launch of Bitcoin, there has been a rush to acquire Bitcoin. The development is huge and leaves many people with questions, such as what is cryptocurrency? Is it a currency or an investment? Which is the most suitable cryptocurrency to invest? This study explores and explains the concept of cryptocurrency to obtain a better understanding of “what is cryptocurrency”. The study also explains the shift in the concept of money from barter to computer screens. The study also enlightens its readers on all the developments regarding cryptocurrency in countries like the United Kingdom, the United States, El Salvador, Central African Republic, China, and India. The study also gives a brief description about how one can trade in cryptocurrencies through different platforms and how the whole blockchain technology works. Lastly, the study throws light upon the legality of cryptocurrency and the hurdles in the regulation of crypto in India. In conclusion, the authors had provided suggestions to regulate the cryptocurrencies.