A STUDY ON GROWTH AND IMPACT OF CRYPTOCURRENCY

Authors

  • Dr. B. Menaka, Kavali Rangaiah Department of Commerce, Alagappa University, Alagappapuram, Karaikudi-630003, Tamil Nadu, India. Author

Abstract

The rise of crypto currency from 15 in 2013 to 22,904 in 2023 has been impeccable, especially during
and after COVID-19. It has set a standard for being one of the top three investing or trading opportunities in the
world. This decentralized investment process provides a much more secure and smoother flow of transactions
across the world. Cryptography has been making a huge impact on the finance and investing fields.Block chain
acts as a distributed ledger and helps crypto-transactions have a secure process. The details of such transactions
that are stored in these blocks are much safer.This research briefs on the information regarding the rise of crypto
currencies, what makes investing in crypto currency different from investing in stocks, land, and gold, and the
process involved in investing and transferring a bit coin.The top crypto currencies in the world (Bit coin, Lit
coin, and Ethereum) and their rise into the market, the cryptography techniques followed by them, and
similarities and differences between them will also be covered in this research.

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Published

2024-03-24

Issue

Vol. 14 No. 3 (2024): March-May

Section

Articles

How to Cite

A STUDY ON GROWTH AND IMPACT OF CRYPTOCURRENCY. (2024). INTERNATIONAL JOURNAL OF MANAGEMENT RESEARCH AND REVIEW, 14(3), 49-54. https://ijmrr.com/index.php/ijmrr/article/view/201

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