Analysis of Blockchain Induced Cryptocurrency: Regulations and Challenges of Cryptocurrencies

This paper focus on the different aspect of cryptocurrency, from their market to their vulnerabilities. As interest for cryptographic money develops, worldwide controllers are partitioned on the most proficient method to keep up. There is a significant amount of increase in online users which resulted into new market and new exchange currencies system. Cryptocurrency represent valuable and intangible objects which are used electronically in different applications and networks such as online social networks, online social games, virtual worlds, and peer to peer networks. Cryptocurrency is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions. With the huge potential, comes a great risk which should be regulated for fair practice. This paper is aimed to analyze the course of cryptocurrency and further we will discuss about the effect of cryptocurrency on market, use of blockchain in management and processing of cryptocurrency, threats to cryptocurrency and its capabilities.