Analytical Study of the Growing Impact of Bitcoin and Blockchain in the International Economy

Abstract

In this research article, an analytical study of the growing impact of Bitcoin and Blockchain in the international economy has been done. The technology behind bitcoin can affect every transaction you make, and while its appreciation and adoption has attracted the attention of developers, investors, geeks, cyberpunks, bankers, and academics, the underlying technology proposition is block chain. (Chain of blocks), a type of decentralized public ledger, is a good opportunity to showcase this disruptive technological process, which already covers the period 2009-2017. For this reason, we summarize a captivating, explanatory article recently published by Morgan E. Peck in Spectrum. We are sure that this research article will pique readers' curiosity about the ongoing debate in the world of microfinance, cryptocurrencies and block chain. And understanding and attitude towards it will be developed.