KALAISELVI, S (2022) BITCOIN AND CRYPTOCURRENCY: CHALLENGES AND OPPORTUNITIES. GEDRAG & ORGANISATIE REVIEW, 35 (1). ISSN 0921-5077

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Abstract

Bitcoin and other prominent cryptocurrencies have gained much attention since the
last few years. Globally known as digital coin and virtual currency, this cryptocurrency is
gained and traded within the blockchain system. The blockchain technology adopted in using
the cryptocurrency has raised the eyebrows within the banking sector, government,
stakeholders and individual investors. The rise of the cryptocurrency within this decade since
the inception of Bitcoin in 2009 has taken the market by storm. Cryptocurrency is anticipated
as the future currency that might replace the current paper currency worldwide. Even though
the interest has caught the attention of users, many are not aware of its opportunities,
drawbacks and challenges for the future. Researches on cryptocurrencies are still lacking
and still at its initial stage. In providing substantial guide and view to the academic field and
users, this paper will disclose the opportunities in the cryptocurrency such as the security of
its technology, low transaction cost and high investment return. The originality of this paper
is on the discussion within law and regulation, high energy consumption, possibility of crash
and bubble, and attacks on network. The future undertakings of cryptocurrency and its
application will be systematically reviewed in this paper

Item Type: Article
Uncontrolled Keywords: Cryptocurrency, Blockchain, Mining, Investment
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Mr Team Mosys
Date Deposited: 24 Mar 2022 05:07
Last Modified: 24 Mar 2022 05:07
URI: http://ir.psgcas.ac.in/id/eprint/661

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