CRYPTOCURRENCY

Abstract : Cryptocurrencies are a type of digital or virtual money that employ cryptographic methods to secure transactions, manage the generation of new units, and confirm the transfer of funds. Cryptocurrencies have attracted a lot of attention and usage since the launch of Bitcoin in 2009, providing a substitute for conventional financial systems. Their decentralized nature, normally on a blockchain platform, guarantees transparency, immutability, and security, minimizing the requirement for intermediaries such as banks. Though they have the potential to transform different industries, cryptocurrencies are hindered by challenges such as regulatory ambiguity, market volatility, security risks, and scalability. This seminar discusses the underlying principles of cryptocurrencies, their potential uses, and the essential challenges they pose in the new financial environment.

Keyword Cryptocurrency, Bitcoins, Satoshi Nakamoto