Role of BLOCKCHAIN in the Global World: Importance of crypto currencies

Devika Kumari Agarwal Research Scholar; Nilesh Kumar Dokania 2Assistant Professor

Devika Kumari Agarwal Research Scholar Galgotias University
Nilesh Kumar Dokania 2Assistant Professor Guru Nanak Institute of Management

Keywords: Crypto Currencies, Block chain, peer-to-peer crypto currency

Abstract

With the objective of decentralizing the payment system many Crypto Currencies have been proposed each with its own
unique feature and consensus algorithm with slight modification to traditional existing consensus. The purpose is to study
and compare the different platforms which aim to replace the banking system with decentralized peer-to-peer crypto
currency. Exploring different aspects of these platforms provides us with a view of how these platform works and what are its
major drawbacks leading to fraud and what makes one platform better than other.