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World Journal of Engineering Research and Technology

( An ISO 9001:2015 Certified International Journal )

An International Peer Reviewed Journal for Engineering Research and Technology

An Official Publication of Society for Advance Healthcare Research (Reg. No. : 01/01/01/31674/16)

ISSN 2454-695X

Impact Factor : 7.029

ICV : 79.45

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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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