Author: Rupak Korde,Rachit Sen,Rishi Gehlot,Satvik Pare
Date Published: 05 Nov 2022
Cryptocurrency is a digital currency which is very dissimilar to the currency we know. The general currencies like dollars are monitored and backed by governments of the countries and thus are called centralized currency. Cryptocurrencies are decentralized currencies which run on the technology called blockchain. Transactions are anonymous in cryptocurrency. While cryptocurrencies have the potential to change the world, it can also be a possible doom for the society. The environment effects of its mining and anonymity when linked with illegal activity makes it a threat. A SWOT analysis of cryptocurrencies is presented in this paper.