• Dr. Neha Shrivastava

Abstract: This article aimed to express the exact meaning of Crypto-currency and its functioning, such as Bitcoin. The article enlightens the economic position and outlook, defining the capabilities to become the strongest mainstream currency. Being a fully decentralized currency, Bitcoin has overcome the limitations of flat money. Its robust characteristics, such as low transaction costs, anonymity, investment possibilities, etc., provide value to it with the restricted supply in the market. Some economists have argued and discussed a few disadvantages like high price volatility, susceptibility to hacking, no protection from a central bank, and consumer protection. However, in the past few years, the public has shown complete trust in blockchain technology, indirectly directing Cryptocurrency and Bitcoin. Thus, most institutions have adopted and applied other currency or digital payment systems, which could have a more systematic impact on the smooth functioning of spending money in the future.

Bitcoin, Cryptocurrency, digital currency, POW and POS, technology adoption, Blockchain.

"Virtual Currencies: Cryptocurrency – Bitcoin", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 1, page no.c177-c187, January-2023, Available :http://www.jetir.org/papers/JETIR2301222.pdf

"Virtual Currencies: Cryptocurrency – Bitcoin", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 1, page no. ppc177-c187, January-2023, Available at : http://www.jetir.org/papers/JETIR2301222.pdf