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A STUDY ON CRYPTOCURRENCY – w.r.t Bitcoin and Ether
Author Name

Dr.D.Thirumala Rao, M.Com, M.Phil, MBA, Ph.D., Vice-Principal (Academic) Indian Institute of Management and Commerce Khairatabad, Hyderabad-500004 Telangana

Abstract

The cryptocurrency market has evolved erratically and at unprecedented speed over the course of its short lifespan. Since the release of the pioneer anarchic cryptocurrency, Bitcoin, to the public in January 2009, more than 550 cryptocurrencies have been developed, the majority with only a modicum of success.In addition to this, there are hundreds of crypto currencies with market values that are being traded and thousands of crypto currencies that have existed as some point. There is a common element among these different crypto currency systems called as ‘Public Ledger’ which is technically termed as “Block Chain” that is shared between network participants and use of native token as a way to incentive participants for running the network in the absence of a central authority.The majority of crypto currencies are largely clones of bitcoin or other crypto currencies and simply feature different parameter values (e.g., different block time, currency supply, and issuance scheme). These crypto currencies show little to no innovation and are often referred to as ‘altcoins’. Examples include Dogecoin and Ethereum Classic. This research paper emphasized on the emergence of crypto currency as a result of digitalization. The data has been analysed from published and unpublished. Key Terms: Digitalization, Technology, Block Chain, Bit Coin and innovation.

Published On :
2022-01-11

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