A Study on the Rising of CryptoCurrency-Its Risks, Gains, and Opportunities for the Future

Abstract

The present research paper investigates the emergence of cryptocurrencies throughout the globe, its potential benefits, downsides, and hazards, as well as the prospects for their continued existence. In addition to this, it examines how the system works and how different countries use cryptocurrency in commercial transactions. In other words, we have effectively moved into a digital world, given the current state of affairs in which we find ourselves. We need the assistance of technology in some form or another at every stage of life. Virtually all of our dealings, especially those about the financial aspect, are now conducted through electronic means. The idea of cryptocurrency, also known as BitCoin, is not a new one, but it is now being implemented differently. Although it has been on the market for some time in various forms of digital currency, there is still very little awareness about its existence and how it operates. This article aims to research and provide an in-depth review of cryptocurrencies.