Emergence and Future of Bitcoin In Indian Economy

  • Prabhjyot Singh
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  • Prabhjyot Singh

    Student at Amity Law School Noida

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Abstract

In recent years, India has seen a meteoric rise in the field of digital payment. With the advent of technology, e-commerce behemoths are emerging, suggesting a huge increase in the adoption of digital currencies in the form of bitcoins. Bitcoin may be a game changer. The digital code is hidden in "data blocks," which can be mined by solving those data blocks. It enables transactions to be carried out in the non-centralized banking field. It was Satoshi Nakomoto who formed the company in 2009. This has resulted in a large amount of science being lost. But that is just a drop in the ocean; there is still a lot to discover. The current literature necessitates additional research in this field. During this method, the researcher reviews the available literature and establishes a structure for future study. Researcher’s effort is of summarizing the complexities of using bitcoins as well as its prospects.

Type

Research Paper

Information

International Journal of Legal Science and Innovation, Volume 3, Issue 5, Page 01 - 10

DOI: https://doij.org/10.10000/IJLSI.111030

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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