A case study on risk and return of bitcoin and regulation in India

Abstract

In 2009, the first state-of-the-art currency was used by Satoshi Nakamoto, which combines the basic elements of ownership management using public key crypto with a algorithm to keep search of who owns coins, known as "proof of work". The P2P electronic currency version may allow to be sent directly from one person to another without visit any bankorinstituionoranythirdparty.ItisworkontheblockchaintechnologyOrwecansayweb 3.0(bitcoin) Digital sign offer part of the solution, but the main advantages are lost when a reliable external company is still needed to prevent double spending. The network adjusts the timestamp by quickly accelerating a continuous series of hash-based work, creating an irreplaceable record without resuming proof of performance, more importantly, part of the Bitcoin test is a basic blockchain technology as a distributed consensus tool, and attention immediatelybeginstoswitchtothisotheraspectofBitcoin.Othercommonlycitedblockchain technology applications include the use of digital assets in the blockchain to represent custom currencies and financialtools.