A Review on Bitcoin With its Pros and Cons |
Author(s): |
| Mani Butwall , MIT, Mandsaur; Pradhumn Soni, MIT, Mandsaur |
Keywords: |
| Bitcoin, Block Chain, Transaction, Miners, cryptocurreny |
Abstract |
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Designed to compete with fiat currencies, bitcoin proposes it is a crypto-currency alternative. Bitcoin has enjoyed wider adoption than any previous cryptocurrency, yet its success also attracted the attention of fraudsters who taken advantage of operational insecurity and operational irreversibility. The main aim of this study is to examine the potentially disestablishing effects of emerging digital currencies specially “Bitcoin†a decentralized partially anonymous and largely unregulated particular popular in last few years. The security aspect of the Bitcoin is the major area of research. This currency may be vulnerable during the transactions or it can be also attacked on its online storage pools or exchanges. |
Other Details |
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Paper ID: IJSRDV3I90269 Published in: Volume : 3, Issue : 9 Publication Date: 01/12/2015 Page(s): 492-494 |
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