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Abstract
CONCEPTUAL STUDY OF CRYPTOCURRENCIES
*Prof. Prashant Chougule and Dr. Dipti Tulpule
ABSTRACT
Cryptocurrencies were designed as an alternative to traditional fiat currencies. They utilise a disruptive new technology called as ?the blockchain? which dissolved the need to depend on a central authority for authentication of transactions. Today, there are more than 1600 different cryptocurrencies, but Bitcoin, the first cryptocurrency is still leading the pack in terms of number of transactions, popularity & market capitalization, followed closely, at least for now, by Ethereum. Investors, speculators, policy makers, businessmen and researchers are showing a rising interest in them due to their potential future applications. This paper attempts to provide an overview on the concept of cryptocurrencies. We will discuss aspects related to the origin, working & various aspects of economics & regulation of cryptocurrencies.
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