Cryptocurrency: Concept And Implications

Abstract

The technology disruption has created opportunities and challenges for human life. Cryptocurrency is emerging as the alternative medium of exchange. Cryptocurrency is based on the blockchain technology. The paper discusses the concept, framework of
cryptocurrency and its implications. The paper draws upon experience based on interactions with people who are concerned with cryptocurrency and published sources. India is emerging as the leading market for cryptocurrency. Predominantly young
demographic profile makes India an attractive market. Understanding cryptocurrency is crucial for taking an informed investment decision. This paper attempts to describe cryptocurrency concept for better understanding and better decision making.