A STUDY ON CRYPTO CURRENCY AS DIGITAL REVOLUTION - PROS AND CONS WITH SPECIAL REFERENCE ON INDIAN CONTEXT

Abstract

Crypto currencies are a new paradigm for money, that is a by-product of digital era. Digital currency or virtual currency supported by cryptography technologies are known as crypto currency. Crypto currency is typically decentralised digital cash intended for internet use. A crypto currency is a chain of encrypted data used to represent a unit of money. A digital currency or crypto currency, is an alternative payment method developed utilising encryption methods. Bitcoin and other digital currencies are held by millions of people as part of their financial portfolios. The main objective of this study is to enlist the key characteristics of crypto currencies, along with their merits and demerits. This paper's descriptive and explanatory analysis gathers the collective knowledge from recent studies and pertinent literature.