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Journal of Engineering and Applied Sciences
Year: 2017  |  Volume: 12  |  Issue: 2 SI  |  Page No.: 6215 - 6218

Bitcoin: The Future of Money

Shivam Bhatia and S. Chethan    

Abstract: We live in a civilized society that thrives on commerce; nothing can be bought for free. Hence, we all value money, some more than the other. Money creates a sense of security; it provides a medium to acquire resources that eventually help us to fulfill everything from our basic needs to our highest accomplishments. Crypto currency is a digital or virtual currency that incorporates cryptography for security. Bitcoin is a form of digital currency, created and held electronically. In this study, we will discuss in detail about the Bitcoins, its benefits and drawbacks and applications of Bitcoins.

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