Open Access Journal

ISSN : 2456-1304 (Online)

International Journal of Engineering Research in Electronics and Communication Engineering(IJERECE)

Monthly Journal for Electronics and Communication Engineering

Open Access Journal

International Journal of Science Engineering and Management (IJSEM)

Monthly Journal for Science Engineering and Management

ISSN : 2456-1304 (Online)

Role of Bit coin in Indian Economy-A brief study

Author : Kapil Sharma 1 Harshita Gupta 2 Leena Soni 3

Date of Publication :23rd November 2017

Abstract: The article focuses on the Bitcoin adoption in India and mentions brief information on the Bitcoin crypto currency, the scope of the adoption of Bitcoin in the country and some challenges to Bitcoin adoption concerning Rupee exchange as well as security and privacy concerns.This article is an outcome of the exploratory study on the perception and role of Bitcoin in the Indian economy and its impact on society with a special emphasis on India. The overall reaction is obtained from various groups in the sample. This paper highlights and discusses the issues on both sides of bitcoin mainly in interest of financial organizations and economists with a prospective transformation, with an application of advanced technology, and revolution with a digital currency

Reference :

    1. Davis, Joshua (10 November 2011). "The Crypto-Currency".Wired Magazine. http://www. wired. com /magazine/2011/11/mf_bitcoin/all.
    2. Nathan Willis, "Bitcoin: Virtual money created by CPU cycles", LWN.net. http://http: //lwn .net / Articles/414452/, 2010.
    3. Wei Dai, "B-Money", http:// www. weidai. com /bmoney.txt, 1998
    4.  Nakamoto, Satoshi, "Bitcoin: A Peer-toPeer ElectronicCashSystem",http://www.cs.kent.edu/ ~JAVED/class-P2P12F/papers2012/PAPER2012-p2p-bitcoinsatoshinakamoto.pdf, 24 May 2009
    5. "Bitcoin P2P e-cash paper", http: //article .gmane. org/ gmane .comp. encryption. general /12588 /.

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