A Project report on

“ CRYPTO CURRENCY ” submitted by

1. G. Sujatha (220771041291005)
2. S. Divya(220771043531011)
3.M. Nirosha (220771041291009)
4. A. Poojitha(220771041291001)
5.D. Sravani (220771041291003)

Under the guidance of

Spandana Kurmachalam
Department of Economics
&
M. Sandhya rani
HOD, Department of Economics
1. P.MOUNIKA (2100771041291023)
2. K.VENNELA(2100771041291016)
. P.MOUNIKA (2100771041291023)

. P.MOUNIKA (217. MOUNIKA

(2100771041291023)

A PROJECT REPORT ON
“ AnalyTelangana Tribal Welfare Residential Degree College for Women, Sircilla.
(Affiliated to Satavahana University)
(2022-2023)
PROJECT WORK

In

ECONOMICS
 Telangana Tribal Welfare Residential Degree College for Women
Thangallapally, Rajanna Sircilla

(Affiliated to Satavahana University)

--------------------------------------------------------------
CERTIFICATE
This is to certify that the project report title " Cryptocurrency"
as the part of research on Economics, and it was submitted by
G.SUJATHA, HT.no (220771041291005),S. DIVYA (220771043531011),
M.NIROSHA (220771041291009), A.POOJITHA (220771041291001),
D.SRAVANI (220771041291003), under the guidance of K. Spandana
DL in Economics. This has not been submitted to any other
institute or university for the award of any degree.

Signature of the guide HOD Principal

 INTRODUCTION

A Crypto currency is a Digital currency, which is an alternative form of payment

created using encryption algorithms.The use of encryption technologies means that
cryptocurrencies function both as a currency and as a virtual accounting system .
Bitcoin originated with the white paper that was published in 2008 under the
pseudonym Satoshi Nakamoto.The creators original motivation behind bitcoin was to
develop a cash- like payment system that permitted electronic transactions. In that
cryptocurrency to have different tyeps of currency are bitcoin, Ethereum litecoin ,
Ripple ect...They are work in digital currency transactions.encryption technologies
means that cryptocurrencies function both as a currency and as a virtual accounting
system .
Bitcoin originated with the white paper that was published in 2008 under the
pseudonym Satoshi Nakamoto.The creators original motivation behind bitcoin was to
develop a cash- like payment system that permitted electronic transactions. In that
cryptocurrency to have different tyeps of currency are bitcoin, Ethereum litecoin ,
Ripple ect...They are work in digital currency transactions.

ABSTRACT:

Traditional electronic payment and transfer, security checks on each transaction costs
much of our lives. Crypto currency is a digital (or) Virtual currency for security and
easy transaction. Important feature of Crypto currency is not controlled by central
authority. Medium of exchange which uses crypto graphical functions to conduct
financial transaction, this is a basic peer-to-peer technology. Crypto currency were on
the theory of solving encryption algorithm to create hashes in a definite number
combined with two network of computer verify the transaction under are exchange
hashes. Crypto currency facilitates digital barter system. Bit coin is the first most
popular crypto currency by using cryptography users exchange currency digitally
without third party.

Key points:
1. Crypto currency.
2. Bit coin.
3. Virtual currency

EXPLAIN ABOUT CRYPTOCURRENCY

Cryptocurrency is digital money that doesn't require a bank or financial institution to

verify transactions and can be used for purchases or as an investment. Transactions
are then verified and recorded on a block-chain, an unchangeable ledger that tracks
and
records assets and trades.
In cryptocurrency is a digital currency and that is played key role in biticoin,and
that cryptocurrency is a receive data in online only.that bank transactions.
 WHAT IS CRYPTOCURRENCY

Cryptocurrency is a digital payment system that doesn’t rely on banks to verify

transactions it’s a peer to peer system that can enable anyone any where to send and
receive payments instead of being physical money carried around and exchanged in
the real world cryptocurrency payments exist purely as digital entries to an online
database describing specific transactions when you transfer cryptocurrency funds,the
transactions are recorded in a public ledger. cryptocurrency is stored in digital wallets.

 Cryptocurrency received its name because it uses encryption to verify

transactions. This means advanced coding is involved in storing and transmitting
cryptocurrency data between wallets and to public ledgers. The aim of encryption is to
provide security and safety.

 The first cryptocurrency was Bitcoin, which was founded in 2009 and remains
the best known today. Much of the interest in cryptocurrencies is to trade for
profit, with speculators at times driving prices skyward.

HOW DOES CRYPTOCURRENCY WORK

Cryptocurrencies run on a distributed public ledger called blockchain, a record of
all transactions updated and held by currency holders.
units of cryptocurrency are created through a process called mining, which involves
using computer power to solve complicated mathematical problems that generate
coins. Users can also buy the currencies from brokers, then store and spend them
using cryptographic wallets.
If you own cryptocurrency, you don’t own anything tangible. What you own is a
key that allows you to move a record or a unit of measure from one person to another
without a trusted third party.
Although Bitcoin has been around since 2009, cryptocurrencies and applications of
blockchain technology are still emerging in financial terms, and more uses are
expected in the future. Transactions including bonds, stocks, and other financial assets
could eventually be traded using the technology.
.
CRYPTOCURRENCY TYPES
There are thousands of cryptocurrencies. Some of the best known include:

 Bitcoin:

Founded in 2009, Bitcoin was the first cryptocurrency and is still the most
commonly traded. The currency was developed by Satoshi Nakamoto – widely
believed to be a pseudonym for an individual or group of people whose
precise identity remains unknown.

 Litecoin:

This currency is most similar to bitcoin but has moved more quickly to develop
new innovations, including faster payments and processes to allow more transactions.

 Ripple:

Ripple is a distributed ledger system that was founded in 2012. Ripple can be used to
track different kinds of transactions, not just cryptocurrency. The company behind
it has worked with various banks and financial institutions.

 You may be wondering how to buy cryptocurrency safely.

There are typically three steps involved. These are:

Step 1:

The first step is deciding which platform to use. Generally, you can choose between
a traditional broker or dedicated cryptocurrency exchange:

 Traditional brokers.
 These are online brokers who offer ways to buy and sell cryptocurrency, as well as
other financial assets like stocks, bonds, and ETFs. These platforms tend to offer
lower trading costs but fewer crypto features.

 Cryptocurrency exchanges.

There are many cryptocurrency exchanges to choose from, each offering different
cryptocurrencies, wallet storage, interest-bearing account options, and more. Many
exchanges charge asset-based fees.

 There are so many countries are aspected they are in Bitcoin:

Singapore,Germany,Canada,Switzerland,Estonia, Malta,
Solvenia, Japan, Portugal, USA,
Elsalvador, India, Netherlands, Belarus brazil, Georgia, Taiwan, Europe, Southkoea,
Hong kong, Gibraltar.

Bitcoin volatility arises from the digital currency’s unpredictable future. is bitcoin
price volatility is worrying in the near term. prices can fluctuate and tumble by up
10% in a single day due to rumour and false news. most of all , cryptos as treated as
asset class in India ,so YES-bitcoin is safe in India.but this is all subject to future
regulations and laws.

:
some crypto watchers seem to hold the view that the government ‘s recent move to
tax crypto earnings is a way to offer cryptocurrencies some leagal recognition, and
some argue that things are headings in that direction . but do not known that yet.

once registered,individual can deposit funds into their wallets and utilize this amount
to buy bitcoins. in India, investors can buy bitcoins using Indian rupees with a
minimum capital of RS.100.

 :

The future of cryptocurrency in india is heaveily influenced by governament

regulations and the stance of regulatory bodies like the reserve bank of india.
the governament has introduced measures such as a 30% tax on crypto asset profits
and the potential introdution of a digital rupee.
 Accesssibility
 bitcoin is decentrailzed
 fast and safe
 irreversable transaction
 financial transaction
 bank transaction
 decentralization
 transparency
 security
 security


 Frangibility
 Divisibility
 Durability
 Fast
 Limited supply
 Permissionless
 Portability
 Anonymity
 Bitcoin is decentralized
 Bitcoin is freedom
 Bitcoin provides anonymity
 Consensus
 Financial transaction
 Scarcity
 Privacy

Cryptocurrency is a online digital currency and have different kinds of currency are
available. And types of currency is going to use, to payement and transactions.
Crypto currencies hold the potential to significantly alter various aspects of our
lives. From providing financial services to the unbanked to challenging traditional
banking systems, the impact of cryptocurrencies is vast and multifaceted.
In India bitcoin is safe and currency to the digital. we use the digital currency in
different types in banks of financial.
It has provided an alternative currency for the less developed countries and has
opened the doors of economic transformation. In this way, it gives the individuals
more choices to manage their finances. Without regard to bitcoins accomplishing the
lofty transformations, the cryptocurrencies are seen to be entering the financial stage
and changing the global financial landscape forever.
REFERENCES
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Bitcoin:economics,technology and
governance” ,journal of economic perspectives.
2. Camera,G[2017]”A perspective on electronic alternatives to traditional
currencies” ,sveriges riksbank
economic reviw,2017.
3. Giudici, G., Milne, A., & Vinogradov, D. (2019, September 17). Cryptocurrencies:
Market analysis
and perspectives. Retrieved .
4. A. Cretarola, G.F. Talamanca, C. Grunspan, Blockchain and cryptocurrencies:
economic and financial
research, Decisions in economics and finance, volume 44, 2021, 781-787.
5. P. Kayal, P. Rohilla, Bitcoin in the economics and finance literature: a survey, SN
business &
economics, volume 1, article number 88, 2021, 1-21