The cryptocurrencies were designed to be medium of exchange. The blockchain technology on which cryptocurrencies are based on offers many possibilities for computer science and all future businesses. For the past decade experts as well as laypeople have been experiencing cryptocurrencies in extremes. They either have a very positive attitude or a very negative attitude towards them. Experts who have very positive attitudes towards them believe that cryptocurrencies create new ways of conducting business and new ways of trust relationships are managed. Experts who have very negative attitudes towards them often emphasize the fact that they are often linked to negative connotations such as being a tool for criminal activities or skipping social responsibilities such as tax avoidance and corruption. They also emphasize the fact that it is a new, unexplored technology and an unstable market. The blockchain technology on which cryptocurrencies are based on offers man possibilities for computer science and all future businesses. For the past decade experts as well as laypeople have been experiencing cryptocurrencies in extremes. There are more than 1,600 cryptocurrencies in circulation today, with a combined market cap of over 289 billion, according to Coin Market Cap data. Investors around the world are eager to trade in this rapidly growing space, and a slew of cryptocurrency platforms have emerged to meet the need for infrastructure to support the exchange of digital currencies. Though they call themselves exchanges, from an investors standpoint they function similarly to e brokerages and their rapid rise is reminiscent of the explosion of electronic discount brokerage firms during the dotcom bubble of the late 1990s. Dr. Chandrakant N. Kokate "Cryptocurrency: Advantages and Disadvantages" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-1 , February 2023, URL: https://www.ijtsrd.com/papers/ijtsrd52656.pdf Paper URL: https://www.ijtsrd.com/economics/financial-economics/52656/cryptocurrency-advantages-and-disadvantages/dr-chandrakant-n-kokate
ADOPTION OF CRYPTOCURRENCY, A NOVEL ENTRANT TO ASSET CLASS: MEASURING THE PER...IAEME Publication
The cryptocurrency market in India grew to an overwhelming stature of USD 6.6 billion in May 2021 from USD 923 million in April 2020. Cryptocurrency adoption has increased 800% since last year, according to a report by Chainalysis. Crypto assets have emerged as a new asset class. Millennials are adopting cryptocurrency as an investment avenue due to its unprecedented price appreciation. This paper explores crypto adoption using Technology Acceptance Model. A quantitative methodology utilising surveys is adopted. The perception is measured on variables: usefulness, ease of use, and security. Self- administered questionnaires were distributed among 125 millennials for data collection. Respondents were selected based on their willingness to respond. Analysis reveals that Perceived Usefulness, Perceived Ease of Investing in Cryptocurrency, and Perceived risk have a significant effect on Behavioural intention to invest in cryptocurrencies. The contribution of this research paper will help the organisations understand the end-user perception towards cryptocurrency and factors impacting its adoption, which would further assist when offering cryptocurrency services to facilitate investment in it and other transactions.
Investment in Cryptocurrencies: A comparative study. International Journal of...Olawale Daniel
Technology has created a significant difference in the lives of the people due to paradigm shift from offline activities to online activities. Cryptocurrency is a digital coin money based on the concept of cryptography encryption and electronic connectivity to function. Cryptocurrency is one of the best inventions in the context of financial sector. Being a decentralised currency, it also opposes the intervention of central banks and digital currencies by them. It transforms the virtual trade market by introducing a free rein trading mechanism that operates without the involvement and regulation of a third party. Digital currencies in today’s scenario become need of the hour thus this paper compares the most prevalent cryptocurrencies of India on the basis of market capitalization rate. The paper also aims to study the key characteristics of the digital currencies.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
The world of cryptocurrencies has experienced a meteoric rise in recent years, captivating both tech enthusiasts and investors alike. As we step into the year 2023, the crypto landscape is buzzing with anticipation as it continues to mature and evolve. With new advancements in technology and increasing adoption rates, cryptocurrencies are poised to redefine traditional finance, revolutionize industries, and unlock new opportunities for global economic growth. In this article, we explore the potential of cryptocurrencies in 2023 and their transformative impact on various aspects of our lives.
Impact of cryptocurrency on Economy - India and Global. This has been taken from several online sources. References mentioned at the end of the article. A cryptocurrency is digital money in an electronic payment system in which payments are validated by a decentralized network of system users and cryptographic protocols instead of by a centralized intermediary (such as a bank).
Money serves three interrelated economic functions: it is a medium of exchange, a unit of account, and a store of value. Without it, people would have to engage in a barter economy, wherein people trade goods and services for other goods and services.
There are speculations on whether cryptocurrency will be more efficient and secure than existing money systems or if it can effectively act as money and achieve widespread use. However, that is the not primary focus of the article.
ADOPTION OF CRYPTOCURRENCY, A NOVEL ENTRANT TO ASSET CLASS: MEASURING THE PER...IAEME Publication
The cryptocurrency market in India grew to an overwhelming stature of USD 6.6 billion in May 2021 from USD 923 million in April 2020. Cryptocurrency adoption has increased 800% since last year, according to a report by Chainalysis. Crypto assets have emerged as a new asset class. Millennials are adopting cryptocurrency as an investment avenue due to its unprecedented price appreciation. This paper explores crypto adoption using Technology Acceptance Model. A quantitative methodology utilising surveys is adopted. The perception is measured on variables: usefulness, ease of use, and security. Self- administered questionnaires were distributed among 125 millennials for data collection. Respondents were selected based on their willingness to respond. Analysis reveals that Perceived Usefulness, Perceived Ease of Investing in Cryptocurrency, and Perceived risk have a significant effect on Behavioural intention to invest in cryptocurrencies. The contribution of this research paper will help the organisations understand the end-user perception towards cryptocurrency and factors impacting its adoption, which would further assist when offering cryptocurrency services to facilitate investment in it and other transactions.
Investment in Cryptocurrencies: A comparative study. International Journal of...Olawale Daniel
Technology has created a significant difference in the lives of the people due to paradigm shift from offline activities to online activities. Cryptocurrency is a digital coin money based on the concept of cryptography encryption and electronic connectivity to function. Cryptocurrency is one of the best inventions in the context of financial sector. Being a decentralised currency, it also opposes the intervention of central banks and digital currencies by them. It transforms the virtual trade market by introducing a free rein trading mechanism that operates without the involvement and regulation of a third party. Digital currencies in today’s scenario become need of the hour thus this paper compares the most prevalent cryptocurrencies of India on the basis of market capitalization rate. The paper also aims to study the key characteristics of the digital currencies.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
The world of cryptocurrencies has experienced a meteoric rise in recent years, captivating both tech enthusiasts and investors alike. As we step into the year 2023, the crypto landscape is buzzing with anticipation as it continues to mature and evolve. With new advancements in technology and increasing adoption rates, cryptocurrencies are poised to redefine traditional finance, revolutionize industries, and unlock new opportunities for global economic growth. In this article, we explore the potential of cryptocurrencies in 2023 and their transformative impact on various aspects of our lives.
Impact of cryptocurrency on Economy - India and Global. This has been taken from several online sources. References mentioned at the end of the article. A cryptocurrency is digital money in an electronic payment system in which payments are validated by a decentralized network of system users and cryptographic protocols instead of by a centralized intermediary (such as a bank).
Money serves three interrelated economic functions: it is a medium of exchange, a unit of account, and a store of value. Without it, people would have to engage in a barter economy, wherein people trade goods and services for other goods and services.
There are speculations on whether cryptocurrency will be more efficient and secure than existing money systems or if it can effectively act as money and achieve widespread use. However, that is the not primary focus of the article.
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...ijtsrd
Bitcoin was initially described to the public in a paper released in 2008 under the identity Satoshi Nakamoto. The first ever Bitcoin transaction took place on January 3, 2009. Its success paved the way for the development of similar digital currencies in the years that followed. There are more than 12,500 different cryptocurrencies, according to CoinMarketcap 2021. This is mostly owing to the extraordinary volatility of the market, which drew many individuals to take an interest and participate in it in the hopes of making money. Twitter has emerged as a common meeting place for those interested in cryptocurrencies. In a noteworthy move, Twitter announced on September 23, 2021, a new feature that would enable users to tip other users using their Bitcoin Lightning wallets. In spite of the fact that this new technology may have far reaching effects on our lives in the future, there is not a great deal of writing on the subject of cryptocurrencies. Even if there arent many rules in place yet for trading cryptocurrencies, a social media sentiment study might help fill in the gaps in our understanding of what influences bitcoin prices. In this study, we examine whether or not analyzing Twitter sentiment can reliably foretell changes in the value digital currencies. Seven of the most widely used cryptocurrencies have their own Twitter discussions and price histories gathered. After that was done, the Valence Aware Dictionary for Sentiment Reasoning was used to conduct an analysis of the datas emotional content VADER . We used the Augmented Dicky Fuller ADF , Kwiatkowski Phillips, Schmidt, and Shin KPSS , and Granger Causality tests to identify time series that were stationary. However, the bullishness ratio revealed that Ethereum and Polkadot prices were predicted despite the fact that swings in Bitcoin, Cardano, XRP, and DOGE prices tend to vary attitude. At last, we use Vector Autoregression VAR to look at the predictability of price returns, and we discover that two of the seven cryptocurrencies can have their prices predicted with a high degree of accuracy. Exactness of price forecasts for Polkadot and Ethereum, respectively, was 99.17 and 99.67 . A. Esakki Elango | E. Manohar ME | S. Vishnu Durga "Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion and Information Quantity" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55091.pdf Paper URL: https://www.ijtsrd.com.com/management/other/55091/cryptocurrency-market-movement-and-tendency-forecasting-using-twitter-emotion-and-information-quantity/a-esakki-elango
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...ijtsrd
Bitcoin was initially described to the public in a paper released in 2008 under the identity Satoshi Nakamoto. The first ever Bitcoin transaction took place on January 3, 2009. Its success paved the way for the development of similar digital currencies in the years that followed. There are more than 12,500 different cryptocurrencies, according to CoinMarketcap 2021. This is mostly owing to the extraordinary volatility of the market, which drew many individuals to take an interest and participate in it in the hopes of making money. Twitter has emerged as a common meeting place for those interested in cryptocurrencies. In a noteworthy move, Twitter announced on September 23, 2021, a new feature that would enable users to tip other users using their Bitcoin Lightning wallets. In spite of the fact that this new technology may have far reaching effects on our lives in the future, there is not a great deal of writing on the subject of cryptocurrencies. Even if there arent many rules in place yet for trading cryptocurrencies, a social media sentiment study might help fill in the gaps in our understanding of what influences bitcoin prices. In this study, we examine whether or not analyzing Twitter sentiment can reliably foretell changes in the value digital currencies. Seven of the most widely used cryptocurrencies have their own Twitter discussions and price histories gathered. After that was done, the Valence Aware Dictionary for Sentiment Reasoning was used to conduct an analysis of the datas emotional content VADER . We used the Augmented Dicky Fuller ADF , Kwiatkowski Phillips, Schmidt, and Shin KPSS , and Granger Causality tests to identify time series that were stationary. However, the bullishness ratio revealed that Ethereum and Polkadot prices were predicted despite the fact that swings in Bitcoin, Cardano, XRP, and DOGE prices tend to vary attitude. At last, we use Vector Autoregression VAR to look at the predictability of price returns, and we discover that two of the seven cryptocurrencies can have their prices predicted with a high degree of accuracy. Exactness of price forecasts for Polkadot and Ethereum, respectively, was 99.17 and 99.67 . A. Esakki Elango | E. Manohar ME | S. Vishnu Durga "Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion and Information Quantity" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55091.pdf Paper URL: https://www.ijtsrd.com.com/management/other/55091/cryptocurrency-market-movement-and-tendency-forecasting-using-twitter-emotion-and-information-quantity/a-esakki-elango
Running head: CRYPTOCURRENCIES 1
CRYPTOCURRENCIES 3
Cryptocurrencies
Name
Institution
Date
Cryptocurrencies
Cryptography can be described as hidden communication or value, as in cryptocurrencies, which is propagated in a secure form. Cryptography is therefore the study or practice in which information is constructed in a manner that is hidden and distributed for decoding so that it can be understood. The need for secure communication and transactions saw an increase in the use of cryptography and its representation as digital currencies. It is very important in this context to define and explore the concept of cryptocurrencies. This analysis will utilize Bitcoin as an example of a cryptocurrency through which the main objectives will be achieved. This example will be used to overview the main characteristics of cryptocurrencies and how they influence the economy. A cryptocurrency is essentially a platform that utilizes concepts of cryptography to enable secure transactions as well as the establishment of new units within the economy. Considering the significance of cryptocurrencies in the contemporary world, it is essential to explore and understand the impact of cryptocurrencies on business, how people trust currencies, their social implications as well as how this technology can be applied in future to develop a more efficient economy.
The Economics of Cryptocurrencies
To properly understand the concept of cryptocurrencies, it is important to utilize a base model to explain how it works. Van Alstyne (2014) defines Bitcoin as a decentralized electronic cash system that uses peer-to-peer networking, digital signatures and cryptographic proof so as to enable users to conduct irreversible transactions without relying on trust. Cryptocurrencies are therefore a form of digital currency that is utilized within the external environment of banking institutions and is distributed through the internet. Increased virtual financial activities in the internet has depicted great potential in Bitcoin and other cryptocurrencies. The technical framework that made provisions under which cryptocurrencies were conceptualized was created by Satoshi Nakamoto.
Banks use what is known as centralized currency systems in which the value of currencies and their amounts available in specific markets are determined by the government or specific companies. On the contrary, decentralized cryptocurrency involves management of ledgers by a community called miners who secure, balance and maintain the integrity of the ledgers. A particular timestamp is used by these individuals to validate transactions and toggle the value of cryptocurrencies. Bitcoin was the very first digital currency of its kind. Therefore, most cryptocurrencies were developed based on the archit ...
FUTURE READY BANKING WITH SMART CONTRACTS - CBDC AND IMPACT ON THE INDIAN ECO...IJNSA Journal
India is significantly diverse in culture and how it promotes business transactions. Though we are very acquainted with cash, cards, and online mode of payment, the Indian rural economy still believes in the barter system. At this juncture, India is evolving as a tech power house, and its economy is thriving to embrace cryptocurrency as a medium of exchange. After the Indian finance minister declared the same last February that India is working towards building its legal tender called Central Bank-backed Digital Currency (CBDC), this paper is making an impact in explaining our strengths, weakness, market readiness, and necessity to adopt a digital rupee when India's economy is highly regarded as a cashoriented economy. Is our country ready to accept the new technological shift in smart banking in the form of a digital rupee? The paper highlights the socioeconomic and technical challenges our planners need to understand before changing the Central banks' monetary policies. The deployment of fifth-generation (5G) cellular network technology has sparked renewed interest in the potential of blockchain to automate different cellular network use cases. 5G is projected to open up new market prospects for small and large businesses. The article highlights the unique instrument of the digital rupee to enhance peer-to-peer transactions with the evolution of 5G mobile technology.
Get in-depth insights on the emergence, growth and future prospects of Blockchain in India. The historical timeline of the Blockchain technology in India. A detailed breakdown of the Blockchain technology and decoding the types of Blockchain currently in use.
The adoption of bitcoins technology: The difference between perceived future ...IJECEIAES
Bitcoin is a decentralized system that tries to become a solution to the shortcomings of fiat and gold-based currencies. Considering its newness, the adoption level of bitcoin is yet understood. Hence, several variables are proposed in this work in examining user perceptions regarding performance expectancy, effort expectancy, trust, adoption risk, decentralization and social influence interplay, with the context of user’s future expectation and behavioral intentions to use bitcoins. Data were gathered from 293 completed questionnaire and analised using AMOS 18. The outcomes prove the sound predictability of the proposed model regarding user’s future expectations and intentions toward bitcoins. All hypotheses were supported, they were significantly affecting the dependent variables. Social influence was found as the highest predictor of behavioral intention to negatively utilize bitcoins. The significant impact of social influence, adoption risk and effort expectancy which affect behavioral intention to use bitcoins the most, are demonstrated in this study. Bitcoins should thus, present an effective, feasible and personalized program which will assist efficient usage among users. Additionally, the impacts of social influence, adoption risk and perceived trust on behavioral intention to utilize new technology were compared, and their direct path was tested together, for the first time in this context.
The world of cryptocurrency is constantly evolving and it is important to stay informed about the latest developments and trends in order to make informed decisions about investing and using digital currencies. With that in mind, it is worth considering what the future of crypto may look like in 2023.
One of the biggest trends in the crypto world is the increasing mainstream acceptance of digital currencies. While cryptocurrencies were once seen as a niche market for tech enthusiasts and libertarians, they are now being recognized as a legitimate form of currency and investment by governments, businesses, and individuals around the world. This trend is likely to continue in the coming years, as more and more people become aware of the benefits of crypto and start using it in their daily lives.
An Introduction into Cryptocurrencies_ Understanding the Future of Digital Cu...Niall O'Riordan
Cryptocurrencies have revolutionised the world of finance, offering a digital alternative to traditional forms of currency. But what exactly are cryptocurrencies and how do they work?
The Role of RBI on Implementation of Digital Currencies in Indiaijtsrd
In the present technological world, technology provided many advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Face book and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize their profits. While platform based digital currencies would increase the efficiency of retail payments, they could also raise some important policy issues if they were to become widely used outside of the platform. Thus, it is important to closely monitor the evolution of these digital currencies. Dr. Rajendra Prasad G R "The Role of RBI on Implementation of Digital Currencies in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-6 , October 2022, URL: https://www.ijtsrd.com/papers/ijtsrd52108.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52108/the-role-of-rbi-on-implementation-of-digital-currencies-in-india/dr-rajendra-prasad-g-r
Crypto-Currencies: Can Investors Rely on them as Investment Avenue?Dr. Amarjeet Singh
The purpose of this study is to examine investors’ perceptions about investing in crypto-currencies. We think that investors trust in crypto-currencies is largely driven by crypto-currency comprehension, trust in government, and transaction speed. This is the first study to examine crypto-currencies from the investor’s perspective. Following that, we discover important antecedents of crypto-currency confidence. Second, we look at the government's role in crypto-currencies. The importance of this study is: first, crypto-currencies have the potential to disrupt the current economic system as the debate is all about impact of decentralization of transactions; thus, further research into how it affects investors trust is essential; and second, access to crypto-currencies. Finally, if Fin-Tech companies or banks want to enter the bitcoin industry may not attract huge advertising costs as well as marketing to soothe clients' concerns about investing in various digital currencies The research sheds light on indecisiveness in the context of marketing aspects adopted by demonstrating investors are aware about the crypto.
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125AaqilFaraj1
The introduction of cryptocurrency licences in Dubai has given rise to a new industry committed to overseeing cryptocurrency exchanges operating throughout the world. Some early adopters became instantly wealthy, while others developed companies whose revenue comes from trading.
https://www.dubaibusinesssetup.ae/cryptocurrency-license/
Expanding Beyond Cryptocurrency in the Digital World using Blockchain TechnologyYogeshIJTSRD
A blockchain is principally a distributed database of records or public ledger of all transactions or digital events that are executed and shared among the participating parties. Once entered, information can never be erased. The blockchain encompasses a precise and supportable record of each solo transaction ever made in the history of all the transactions. Bitcoin, the decentralized digital currency, is that the most well liked example that uses blockchain technology. The digital currency bitcoin itself is extremely controversial but the underlying blockchain technology has worked flawlessly and located a good range of applications in both the financial and nonfinancial world. Anirvan Vinod "Expanding Beyond Cryptocurrency in the Digital World using Blockchain Technology" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd43871.pdf Paper URL: https://www.ijtsrd.com/computer-science/other/43871/expanding-beyond-cryptocurrency-in-the-digital-world-using-blockchain-technology/anirvan-vinod
The future of cryptocurrency—some challenges
As we gaze into our crypto ball, let’s see what the future of cryptocurrency has in store for traders. With many experts estimating that the 2020 COVID-19 pandemic has hastened the decline of cash by almost five years, few are asking whether digital currencies will actually succeed (they have already). Instead, it’s a matter of when they’ll go mainstream. Nevertheless, there are some challenges ahead.
Perceptions
A significant generational divide exists when it comes to adoption rates of cryptocurrencies. Older generations are typically more sceptical of crypto’s long-term viability, expressing fears about volatile financial bubbles as well as uncertainty over how cryptocurrencies actually work.
Bitcoin Desk Clock is a Real-time crypto ticker display. 500+ cryptocurrencies, select the end of your favorite to enjoy the ride! Portable, elegant, unstoppable, It will show you bitcoin price, bitcoin news and bitcoin price USD.
http://bitcoindeskclock.com/
CBDCs are essentially digital versions of fiat currency designed to function as legal tender and regulated by a country’s central bank. CBDCs aim to streamline payment systems, reduce dependency on physical cash, enhance financial inclusion, and preserve monetary policy’s effectiveness
‘Six Sigma Technique’ A Journey Through its Implementationijtsrd
The manufacturing industries all over the world are facing tough challenges for growth, development and sustainability in today’s competitive environment. They have to achieve apex position by adapting with the global competitive environment by delivering goods and services at low cost, prime quality and better price to increase wealth and consumer satisfaction. Cost Management ensures profit, growth and sustainability of the business with implementation of Continuous Improvement Technique like Six Sigma. This leads to optimize Business performance. The method drives for customer satisfaction, low variation, reduction in waste and cycle time resulting into a competitive advantage over other industries which did not implement it. The main objective of this paper ‘Six Sigma Technique A Journey Through Its Implementation’ is to conceptualize the effectiveness of Six Sigma Technique through the journey of its implementation. Aditi Sunilkumar Ghosalkar "‘Six Sigma Technique’: A Journey Through its Implementation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64546.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64546/‘six-sigma-technique’-a-journey-through-its-implementation/aditi-sunilkumar-ghosalkar
Edge Computing in Space Enhancing Data Processing and Communication for Space...ijtsrd
Edge computing, a paradigm that involves processing data closer to its source, has gained significant attention for its potential to revolutionize data processing and communication in space missions. With the increasing complexity and data volume generated by modern space missions, traditional centralized computing approaches face challenges related to latency, bandwidth, and security. Edge computing in space, involving on board processing and analysis of data, offers promising solutions to these challenges. This paper explores the concept of edge computing in space, its benefits, applications, and future prospects in enhancing space missions. Manish Verma "Edge Computing in Space: Enhancing Data Processing and Communication for Space Missions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64541.pdf Paper Url: https://www.ijtsrd.com/computer-science/artificial-intelligence/64541/edge-computing-in-space-enhancing-data-processing-and-communication-for-space-missions/manish-verma
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Bitcoin was initially described to the public in a paper released in 2008 under the identity Satoshi Nakamoto. The first ever Bitcoin transaction took place on January 3, 2009. Its success paved the way for the development of similar digital currencies in the years that followed. There are more than 12,500 different cryptocurrencies, according to CoinMarketcap 2021. This is mostly owing to the extraordinary volatility of the market, which drew many individuals to take an interest and participate in it in the hopes of making money. Twitter has emerged as a common meeting place for those interested in cryptocurrencies. In a noteworthy move, Twitter announced on September 23, 2021, a new feature that would enable users to tip other users using their Bitcoin Lightning wallets. In spite of the fact that this new technology may have far reaching effects on our lives in the future, there is not a great deal of writing on the subject of cryptocurrencies. Even if there arent many rules in place yet for trading cryptocurrencies, a social media sentiment study might help fill in the gaps in our understanding of what influences bitcoin prices. In this study, we examine whether or not analyzing Twitter sentiment can reliably foretell changes in the value digital currencies. Seven of the most widely used cryptocurrencies have their own Twitter discussions and price histories gathered. After that was done, the Valence Aware Dictionary for Sentiment Reasoning was used to conduct an analysis of the datas emotional content VADER . We used the Augmented Dicky Fuller ADF , Kwiatkowski Phillips, Schmidt, and Shin KPSS , and Granger Causality tests to identify time series that were stationary. However, the bullishness ratio revealed that Ethereum and Polkadot prices were predicted despite the fact that swings in Bitcoin, Cardano, XRP, and DOGE prices tend to vary attitude. At last, we use Vector Autoregression VAR to look at the predictability of price returns, and we discover that two of the seven cryptocurrencies can have their prices predicted with a high degree of accuracy. Exactness of price forecasts for Polkadot and Ethereum, respectively, was 99.17 and 99.67 . A. Esakki Elango | E. Manohar ME | S. Vishnu Durga "Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion and Information Quantity" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55091.pdf Paper URL: https://www.ijtsrd.com.com/management/other/55091/cryptocurrency-market-movement-and-tendency-forecasting-using-twitter-emotion-and-information-quantity/a-esakki-elango
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...ijtsrd
Bitcoin was initially described to the public in a paper released in 2008 under the identity Satoshi Nakamoto. The first ever Bitcoin transaction took place on January 3, 2009. Its success paved the way for the development of similar digital currencies in the years that followed. There are more than 12,500 different cryptocurrencies, according to CoinMarketcap 2021. This is mostly owing to the extraordinary volatility of the market, which drew many individuals to take an interest and participate in it in the hopes of making money. Twitter has emerged as a common meeting place for those interested in cryptocurrencies. In a noteworthy move, Twitter announced on September 23, 2021, a new feature that would enable users to tip other users using their Bitcoin Lightning wallets. In spite of the fact that this new technology may have far reaching effects on our lives in the future, there is not a great deal of writing on the subject of cryptocurrencies. Even if there arent many rules in place yet for trading cryptocurrencies, a social media sentiment study might help fill in the gaps in our understanding of what influences bitcoin prices. In this study, we examine whether or not analyzing Twitter sentiment can reliably foretell changes in the value digital currencies. Seven of the most widely used cryptocurrencies have their own Twitter discussions and price histories gathered. After that was done, the Valence Aware Dictionary for Sentiment Reasoning was used to conduct an analysis of the datas emotional content VADER . We used the Augmented Dicky Fuller ADF , Kwiatkowski Phillips, Schmidt, and Shin KPSS , and Granger Causality tests to identify time series that were stationary. However, the bullishness ratio revealed that Ethereum and Polkadot prices were predicted despite the fact that swings in Bitcoin, Cardano, XRP, and DOGE prices tend to vary attitude. At last, we use Vector Autoregression VAR to look at the predictability of price returns, and we discover that two of the seven cryptocurrencies can have their prices predicted with a high degree of accuracy. Exactness of price forecasts for Polkadot and Ethereum, respectively, was 99.17 and 99.67 . A. Esakki Elango | E. Manohar ME | S. Vishnu Durga "Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion and Information Quantity" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55091.pdf Paper URL: https://www.ijtsrd.com.com/management/other/55091/cryptocurrency-market-movement-and-tendency-forecasting-using-twitter-emotion-and-information-quantity/a-esakki-elango
Running head: CRYPTOCURRENCIES 1
CRYPTOCURRENCIES 3
Cryptocurrencies
Name
Institution
Date
Cryptocurrencies
Cryptography can be described as hidden communication or value, as in cryptocurrencies, which is propagated in a secure form. Cryptography is therefore the study or practice in which information is constructed in a manner that is hidden and distributed for decoding so that it can be understood. The need for secure communication and transactions saw an increase in the use of cryptography and its representation as digital currencies. It is very important in this context to define and explore the concept of cryptocurrencies. This analysis will utilize Bitcoin as an example of a cryptocurrency through which the main objectives will be achieved. This example will be used to overview the main characteristics of cryptocurrencies and how they influence the economy. A cryptocurrency is essentially a platform that utilizes concepts of cryptography to enable secure transactions as well as the establishment of new units within the economy. Considering the significance of cryptocurrencies in the contemporary world, it is essential to explore and understand the impact of cryptocurrencies on business, how people trust currencies, their social implications as well as how this technology can be applied in future to develop a more efficient economy.
The Economics of Cryptocurrencies
To properly understand the concept of cryptocurrencies, it is important to utilize a base model to explain how it works. Van Alstyne (2014) defines Bitcoin as a decentralized electronic cash system that uses peer-to-peer networking, digital signatures and cryptographic proof so as to enable users to conduct irreversible transactions without relying on trust. Cryptocurrencies are therefore a form of digital currency that is utilized within the external environment of banking institutions and is distributed through the internet. Increased virtual financial activities in the internet has depicted great potential in Bitcoin and other cryptocurrencies. The technical framework that made provisions under which cryptocurrencies were conceptualized was created by Satoshi Nakamoto.
Banks use what is known as centralized currency systems in which the value of currencies and their amounts available in specific markets are determined by the government or specific companies. On the contrary, decentralized cryptocurrency involves management of ledgers by a community called miners who secure, balance and maintain the integrity of the ledgers. A particular timestamp is used by these individuals to validate transactions and toggle the value of cryptocurrencies. Bitcoin was the very first digital currency of its kind. Therefore, most cryptocurrencies were developed based on the archit ...
FUTURE READY BANKING WITH SMART CONTRACTS - CBDC AND IMPACT ON THE INDIAN ECO...IJNSA Journal
India is significantly diverse in culture and how it promotes business transactions. Though we are very acquainted with cash, cards, and online mode of payment, the Indian rural economy still believes in the barter system. At this juncture, India is evolving as a tech power house, and its economy is thriving to embrace cryptocurrency as a medium of exchange. After the Indian finance minister declared the same last February that India is working towards building its legal tender called Central Bank-backed Digital Currency (CBDC), this paper is making an impact in explaining our strengths, weakness, market readiness, and necessity to adopt a digital rupee when India's economy is highly regarded as a cashoriented economy. Is our country ready to accept the new technological shift in smart banking in the form of a digital rupee? The paper highlights the socioeconomic and technical challenges our planners need to understand before changing the Central banks' monetary policies. The deployment of fifth-generation (5G) cellular network technology has sparked renewed interest in the potential of blockchain to automate different cellular network use cases. 5G is projected to open up new market prospects for small and large businesses. The article highlights the unique instrument of the digital rupee to enhance peer-to-peer transactions with the evolution of 5G mobile technology.
Get in-depth insights on the emergence, growth and future prospects of Blockchain in India. The historical timeline of the Blockchain technology in India. A detailed breakdown of the Blockchain technology and decoding the types of Blockchain currently in use.
The adoption of bitcoins technology: The difference between perceived future ...IJECEIAES
Bitcoin is a decentralized system that tries to become a solution to the shortcomings of fiat and gold-based currencies. Considering its newness, the adoption level of bitcoin is yet understood. Hence, several variables are proposed in this work in examining user perceptions regarding performance expectancy, effort expectancy, trust, adoption risk, decentralization and social influence interplay, with the context of user’s future expectation and behavioral intentions to use bitcoins. Data were gathered from 293 completed questionnaire and analised using AMOS 18. The outcomes prove the sound predictability of the proposed model regarding user’s future expectations and intentions toward bitcoins. All hypotheses were supported, they were significantly affecting the dependent variables. Social influence was found as the highest predictor of behavioral intention to negatively utilize bitcoins. The significant impact of social influence, adoption risk and effort expectancy which affect behavioral intention to use bitcoins the most, are demonstrated in this study. Bitcoins should thus, present an effective, feasible and personalized program which will assist efficient usage among users. Additionally, the impacts of social influence, adoption risk and perceived trust on behavioral intention to utilize new technology were compared, and their direct path was tested together, for the first time in this context.
The world of cryptocurrency is constantly evolving and it is important to stay informed about the latest developments and trends in order to make informed decisions about investing and using digital currencies. With that in mind, it is worth considering what the future of crypto may look like in 2023.
One of the biggest trends in the crypto world is the increasing mainstream acceptance of digital currencies. While cryptocurrencies were once seen as a niche market for tech enthusiasts and libertarians, they are now being recognized as a legitimate form of currency and investment by governments, businesses, and individuals around the world. This trend is likely to continue in the coming years, as more and more people become aware of the benefits of crypto and start using it in their daily lives.
An Introduction into Cryptocurrencies_ Understanding the Future of Digital Cu...Niall O'Riordan
Cryptocurrencies have revolutionised the world of finance, offering a digital alternative to traditional forms of currency. But what exactly are cryptocurrencies and how do they work?
The Role of RBI on Implementation of Digital Currencies in Indiaijtsrd
In the present technological world, technology provided many advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Face book and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize their profits. While platform based digital currencies would increase the efficiency of retail payments, they could also raise some important policy issues if they were to become widely used outside of the platform. Thus, it is important to closely monitor the evolution of these digital currencies. Dr. Rajendra Prasad G R "The Role of RBI on Implementation of Digital Currencies in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-6 , October 2022, URL: https://www.ijtsrd.com/papers/ijtsrd52108.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52108/the-role-of-rbi-on-implementation-of-digital-currencies-in-india/dr-rajendra-prasad-g-r
Crypto-Currencies: Can Investors Rely on them as Investment Avenue?Dr. Amarjeet Singh
The purpose of this study is to examine investors’ perceptions about investing in crypto-currencies. We think that investors trust in crypto-currencies is largely driven by crypto-currency comprehension, trust in government, and transaction speed. This is the first study to examine crypto-currencies from the investor’s perspective. Following that, we discover important antecedents of crypto-currency confidence. Second, we look at the government's role in crypto-currencies. The importance of this study is: first, crypto-currencies have the potential to disrupt the current economic system as the debate is all about impact of decentralization of transactions; thus, further research into how it affects investors trust is essential; and second, access to crypto-currencies. Finally, if Fin-Tech companies or banks want to enter the bitcoin industry may not attract huge advertising costs as well as marketing to soothe clients' concerns about investing in various digital currencies The research sheds light on indecisiveness in the context of marketing aspects adopted by demonstrating investors are aware about the crypto.
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125AaqilFaraj1
The introduction of cryptocurrency licences in Dubai has given rise to a new industry committed to overseeing cryptocurrency exchanges operating throughout the world. Some early adopters became instantly wealthy, while others developed companies whose revenue comes from trading.
https://www.dubaibusinesssetup.ae/cryptocurrency-license/
Expanding Beyond Cryptocurrency in the Digital World using Blockchain TechnologyYogeshIJTSRD
A blockchain is principally a distributed database of records or public ledger of all transactions or digital events that are executed and shared among the participating parties. Once entered, information can never be erased. The blockchain encompasses a precise and supportable record of each solo transaction ever made in the history of all the transactions. Bitcoin, the decentralized digital currency, is that the most well liked example that uses blockchain technology. The digital currency bitcoin itself is extremely controversial but the underlying blockchain technology has worked flawlessly and located a good range of applications in both the financial and nonfinancial world. Anirvan Vinod "Expanding Beyond Cryptocurrency in the Digital World using Blockchain Technology" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd43871.pdf Paper URL: https://www.ijtsrd.com/computer-science/other/43871/expanding-beyond-cryptocurrency-in-the-digital-world-using-blockchain-technology/anirvan-vinod
The future of cryptocurrency—some challenges
As we gaze into our crypto ball, let’s see what the future of cryptocurrency has in store for traders. With many experts estimating that the 2020 COVID-19 pandemic has hastened the decline of cash by almost five years, few are asking whether digital currencies will actually succeed (they have already). Instead, it’s a matter of when they’ll go mainstream. Nevertheless, there are some challenges ahead.
Perceptions
A significant generational divide exists when it comes to adoption rates of cryptocurrencies. Older generations are typically more sceptical of crypto’s long-term viability, expressing fears about volatile financial bubbles as well as uncertainty over how cryptocurrencies actually work.
Bitcoin Desk Clock is a Real-time crypto ticker display. 500+ cryptocurrencies, select the end of your favorite to enjoy the ride! Portable, elegant, unstoppable, It will show you bitcoin price, bitcoin news and bitcoin price USD.
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CBDCs are essentially digital versions of fiat currency designed to function as legal tender and regulated by a country’s central bank. CBDCs aim to streamline payment systems, reduce dependency on physical cash, enhance financial inclusion, and preserve monetary policy’s effectiveness
Similar to Cryptocurrency Advantages and Disadvantages (20)
‘Six Sigma Technique’ A Journey Through its Implementationijtsrd
The manufacturing industries all over the world are facing tough challenges for growth, development and sustainability in today’s competitive environment. They have to achieve apex position by adapting with the global competitive environment by delivering goods and services at low cost, prime quality and better price to increase wealth and consumer satisfaction. Cost Management ensures profit, growth and sustainability of the business with implementation of Continuous Improvement Technique like Six Sigma. This leads to optimize Business performance. The method drives for customer satisfaction, low variation, reduction in waste and cycle time resulting into a competitive advantage over other industries which did not implement it. The main objective of this paper ‘Six Sigma Technique A Journey Through Its Implementation’ is to conceptualize the effectiveness of Six Sigma Technique through the journey of its implementation. Aditi Sunilkumar Ghosalkar "‘Six Sigma Technique’: A Journey Through its Implementation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64546.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64546/‘six-sigma-technique’-a-journey-through-its-implementation/aditi-sunilkumar-ghosalkar
Edge Computing in Space Enhancing Data Processing and Communication for Space...ijtsrd
Edge computing, a paradigm that involves processing data closer to its source, has gained significant attention for its potential to revolutionize data processing and communication in space missions. With the increasing complexity and data volume generated by modern space missions, traditional centralized computing approaches face challenges related to latency, bandwidth, and security. Edge computing in space, involving on board processing and analysis of data, offers promising solutions to these challenges. This paper explores the concept of edge computing in space, its benefits, applications, and future prospects in enhancing space missions. Manish Verma "Edge Computing in Space: Enhancing Data Processing and Communication for Space Missions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64541.pdf Paper Url: https://www.ijtsrd.com/computer-science/artificial-intelligence/64541/edge-computing-in-space-enhancing-data-processing-and-communication-for-space-missions/manish-verma
Dynamics of Communal Politics in 21st Century India Challenges and Prospectsijtsrd
Communal politics in India has evolved through centuries, weaving a complex tapestry shaped by historical legacies, colonial influences, and contemporary socio political transformations. This research comprehensively examines the dynamics of communal politics in 21st century India, emphasizing its historical roots, socio political dynamics, economic implications, challenges, and prospects for mitigation. The historical perspective unravels the intricate interplay of religious identities and power dynamics from ancient civilizations to the impact of colonial rule, providing insights into the evolution of communalism. The socio political dynamics section delves into the contemporary manifestations, exploring the roles of identity politics, socio economic disparities, and globalization. The economic implications section highlights how communal politics intersects with economic issues, perpetuating disparities and influencing resource allocation. Challenges posed by communal politics are scrutinized, revealing multifaceted issues ranging from social fragmentation to threats against democratic values. The prospects for mitigation present a multifaceted approach, incorporating policy interventions, community engagement, and educational initiatives. The paper conducts a comparative analysis with international examples, identifying common patterns such as identity politics and economic disparities. It also examines unique challenges, emphasizing Indias diverse religious landscape, historical legacy, and secular framework. Lessons for effective strategies are drawn from international experiences, offering insights into inclusive policies, interfaith dialogue, media regulation, and global cooperation. By scrutinizing historical epochs, contemporary dynamics, economic implications, and international comparisons, this research provides a comprehensive understanding of communal politics in India. The proposed strategies for mitigation underscore the importance of a holistic approach to foster social harmony, inclusivity, and democratic values. Rose Hossain "Dynamics of Communal Politics in 21st Century India: Challenges and Prospects" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64528.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/history/64528/dynamics-of-communal-politics-in-21st-century-india-challenges-and-prospects/rose-hossain
Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in...ijtsrd
Background and Objective Telehealth has become a well known tool for the delivery of health care in Saudi Arabia, and the perspective and knowledge of healthcare providers are influential in the implementation, adoption and advancement of the method. This systematic review was conducted to examine the current literature base regarding telehealth and the related healthcare professional perspective and knowledge in the Kingdom of Saudi Arabia. Materials and Methods This systematic review was conducted by searching 7 databases including, MEDLINE, CINHAL, Web of Science, Scopus, PubMed, PsycINFO, and ProQuest Central. Studies on healthcare practitioners telehealth knowledge and perspectives published in English in Saudi Arabia from 2000 to 2023 were included. Boland directed this comprehensive review. The researchers examined each connected study using the AXIS tool, which evaluates cross sectional systematic reviews. Narrative synthesis was used to summarise and convey the data. Results Out of 1840 search results, 10 studies were included. Positive outlook and limited knowledge among providers were seen across trials. Healthcare professionals like telehealth for its ability to improve quality, access, and delivery, save time and money, and be successful. Age, gender, occupation, and work experience also affect health workers knowledge. In Saudi Arabia, healthcare professionals face inadequate expert assistance, patient privacy, internet connection concerns, lack of training courses, lack of telehealth understanding, and high costs while performing telemedicine. Conclusions Healthcare practitioners telehealth perceptions and knowledge were examined in this systematic study. Its collection of concerned experts different personal attitudes and expertise would help enhance telehealths implementation in Saudi Arabia, develop its healthcare delivery alternative, and eliminate frequent problems. Badriah Mousa I Mulayhi | Dr. Jomin George | Judy Jenkins "Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in Saudi Arabia: A Systematic Review" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64535.pdf Paper Url: https://www.ijtsrd.com/medicine/other/64535/assess-perspective-and-knowledge-of-healthcare-providers-towards-elehealth-in-saudi-arabia-a-systematic-review/badriah-mousa-i-mulayhi
The Impact of Digital Media on the Decentralization of Power and the Erosion ...ijtsrd
The impact of digital media on the distribution of power and the weakening of traditional gatekeepers has gained considerable attention in recent years. The adoption of digital technologies and the internet has resulted in declining influence and power for traditional gatekeepers such as publishing houses and news organizations. Simultaneously, digital media has facilitated the emergence of new voices and players in the media industry. Digital medias impact on power decentralization and gatekeeper erosion is visible in several ways. One significant aspect is the democratization of information, which enables anyone with an internet connection to publish and share content globally, leading to citizen journalism and bypassing traditional gatekeepers. Another aspect is the disruption of conventional media industry business models, as traditional organizations struggle to adjust to the decrease in advertising revenue and the rise of digital platforms. Alternative business models, such as subscription models and crowdfunding, have become more prevalent, leading to the emergence of new players. Overall, the impact of digital media on the distribution of power and the weakening of traditional gatekeepers has brought about significant changes in the media landscape and the way information is shared. Further research is required to fully comprehend the implications of these changes and their impact on society. Dr. Kusum Lata "The Impact of Digital Media on the Decentralization of Power and the Erosion of Traditional Gatekeepers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64544.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64544/the-impact-of-digital-media-on-the-decentralization-of-power-and-the-erosion-of-traditional-gatekeepers/dr-kusum-lata
Online Voices, Offline Impact Ambedkars Ideals and Socio Political Inclusion ...ijtsrd
This research investigates the nexus between online discussions on Dr. B.R. Ambedkars ideals and their impact on social inclusion among college students in Gurugram, Haryana. Surveying 240 students from 12 government colleges, findings indicate that 65 actively engage in online discussions, with 80 demonstrating moderate to high awareness of Ambedkars ideals. Statistically significant correlations reveal that higher online engagement correlates with increased awareness p 0.05 and perceived social inclusion. Variations across colleges and a notable effect of college type on perceived social inclusion highlight the influence of contextual factors. Furthermore, the intersectional analysis underscores nuanced differences based on gender, caste, and socio economic status. Dr. Kusum Lata "Online Voices, Offline Impact: Ambedkar's Ideals and Socio-Political Inclusion - A Study of Gurugram District" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64543.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64543/online-voices-offline-impact-ambedkars-ideals-and-sociopolitical-inclusion--a-study-of-gurugram-district/dr-kusum-lata
Problems and Challenges of Agro Entreprenurship A Studyijtsrd
Noting calls for contextualizing Agro entrepreneurs problems and challenges of the agro entrepreneurs and for greater attention to the Role of entrepreneurs in agro entrepreneurship research, we conduct a systematic literature review of extent research in agriculture entrepreneurship to overcome the study objectives of complications of agro entrepreneurs through various factors, Development of agriculture products is a key factor for the overall economic growth of agro entrepreneurs Agro Entrepreneurs produces firsthand large scale employment, utilizes the labor and natural resources, This research outlines the problems of Weather and Soil Erosions, Market price fluctuation, stimulates labor cost problems, reduces concentration of Price volatility, Dependency on Intermediaries, induces Limited Bargaining Power, and Storage and Transportation Costs. This paper mainly devoted to highlight Problems and challenges faced for the sustainable of Agro Entrepreneurs in India. Vinay Prasad B "Problems and Challenges of Agro Entreprenurship - A Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64540.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64540/problems-and-challenges-of-agro-entreprenurship--a-study/vinay-prasad-b
Comparative Analysis of Total Corporate Disclosure of Selected IT Companies o...ijtsrd
Disclosure is a process through which a business enterprise communicates with external parties. A corporate disclosure is communication of financial and non financial information of the activities of a business enterprise to the interested entities. Corporate disclosure is done through publishing annual reports. So corporate disclosure through annual reports plays a vital role in the life of all the companies and provides valuable information to investors. The basic objectives of corporate disclosure is to give a true and fair view of companies to the parties related either directly or indirectly like owner, government, creditors, shareholders etc. in the companies act, provisions have been made about mandatory and voluntary disclosure. The IT sector in India is rapidly growing, the trend to invest in the IT sector is rising and employment opportunities in IT sectors are also increasing. Therefore the IT sector is expected to have fair, full and adequate disclosure of all information. Unfair and incomplete disclosure may adversely affect the entire economy. A research study on disclosure practices of IT companies could play an important role in this regard. Hence, the present research study has been done to study and review comparative analysis of total corporate disclosure of selected IT companies of India and to put forward overall findings and suggestions with a view to increase disclosure score of these companies. The researcher hopes that the present research study will be helpful to all selected Companies for improving level of corporate disclosure through annual reports as well as the government, creditors, investors, all business organizations and upcoming researcher for comparative analyses of level of corporate disclosure with special reference to selected IT companies. Dr. Vaibhavi D. Thaker "Comparative Analysis of Total Corporate Disclosure of Selected IT Companies of India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64539.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64539/comparative-analysis-of-total-corporate-disclosure-of-selected-it-companies-of-india/dr-vaibhavi-d-thaker
The Impact of Educational Background and Professional Training on Human Right...ijtsrd
This study investigated the impact of educational background and professional training on human rights awareness among secondary school teachers in the Marathwada region of Maharashtra, India. The key findings reveal that higher levels of education, particularly a master’s degree, and fields of study related to education, humanities, or social sciences are associated with greater human rights awareness among teachers. Additionally, both pre service teacher training and in service professional development programs focused on human rights education significantly enhance teacher’s knowledge, skills, and competencies in promoting human rights principles in their classrooms. Baig Ameer Bee Mirza Abdul Aziz | Dr. Syed Azaz Ali Amjad Ali "The Impact of Educational Background and Professional Training on Human Rights Awareness among Secondary School Teachers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64529.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64529/the-impact-of-educational-background-and-professional-training-on-human-rights-awareness-among-secondary-school-teachers/baig-ameer-bee-mirza-abdul-aziz
A Study on the Effective Teaching Learning Process in English Curriculum at t...ijtsrd
“One Language sets you in a corridor for life. Two languages open every door along the way” Frank Smith English as a foreign language or as a second language has been ruling in India since the period of Lord Macaulay. But the question is how much we teach or learn English properly in our culture. Is there any scope to use English as a language rather than a subject How much we learn or teach English without any interference of mother language specially in the classroom teaching learning scenario in West Bengal By considering all these issues the researcher has attempted in this article to focus on the effective teaching learning process comparing to other traditional strategies in the field of English curriculum at the secondary level to investigate whether they fulfill the present teaching learning requirements or not by examining the validity of the present curriculum of English. The purpose of this study is to focus on the effectiveness of the systematic, scientific, sequential and logical transaction of the course between the teachers and the learners in the perspective of the 5Es programme that is engage, explore, explain, extend and evaluate. Sanchali Mondal | Santinath Sarkar "A Study on the Effective Teaching Learning Process in English Curriculum at the Secondary Level of West Bengal" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd62412.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/62412/a-study-on-the-effective-teaching-learning-process-in-english-curriculum-at-the-secondary-level-of-west-bengal/sanchali-mondal
The Role of Mentoring and Its Influence on the Effectiveness of the Teaching ...ijtsrd
This paper reports on a study which was conducted to investigate the role of mentoring and its influence on the effectiveness of the teaching of Physics in secondary schools in the South West Region of Cameroon. The study adopted the convergent parallel mixed methods design, focusing on respondents in secondary schools in the South West Region of Cameroon. Both quantitative and qualitative data were collected, analysed separately, and the results were compared to see if the findings confirm or disconfirm each other. The quantitative analysis found that majority of the respondents 72 of Physics teachers affirmed that they had more experienced colleagues as mentors to help build their confidence, improve their teaching, and help them improve their effectiveness and efficiency in guiding learners’ achievements. Only 28 of the respondents disagreed with these statements. With majority respondents 72 agreeing with the statements, it implies that in most secondary schools, experienced Physics teachers act as mentors to build teachers’ confidence in teaching and improving students’ learning. The interview qualitative data analysis summarized how secondary school Principals use meetings with mentors and mentees to promote mentorship in the school milieu. This has helped strengthen teachers’ classroom practices in secondary schools in the South West Region of Cameroon. With the results confirming each other, the study recommends that mentoring should focus on helping teachers employ social interactions and instructional practices feedback and clarity in teaching that have direct measurable impact on students’ learning achievements. Andrew Ngeim Sumba | Frederick Ebot Ashu | Peter Agborbechem Tambi "The Role of Mentoring and Its Influence on the Effectiveness of the Teaching of Physics in Secondary Schools in the South West Region of Cameroon" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64524.pdf Paper Url: https://www.ijtsrd.com/management/management-development/64524/the-role-of-mentoring-and-its-influence-on-the-effectiveness-of-the-teaching-of-physics-in-secondary-schools-in-the-south-west-region-of-cameroon/andrew-ngeim-sumba
Design Simulation and Hardware Construction of an Arduino Microcontroller Bas...ijtsrd
This study primarily focuses on the design of a high side buck converter using an Arduino microcontroller. The converter is specifically intended for use in DC DC applications, particularly in standalone solar PV systems where the PV output voltage exceeds the load or battery voltage. To evaluate the performance of the converter, simulation experiments are conducted using Proteus Software. These simulations provide insights into the input and output voltages, currents, powers, and efficiency under different state of charge SoC conditions of a 12V,70Ah rechargeable lead acid battery. Additionally, the hardware design of the converter is implemented, and practical data is collected through operation, monitoring, and recording. By comparing the simulation results with the practical results, the efficiency and performance of the designed converter are assessed. The findings indicate that while the buck converter is suitable for practical use in standalone PV systems, its efficiency is compromised due to a lower output current. Chan Myae Aung | Dr. Ei Mon "Design Simulation and Hardware Construction of an Arduino-Microcontroller Based DC-DC High-Side Buck Converter for Standalone PV System" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64518.pdf Paper Url: https://www.ijtsrd.com/engineering/mechanical-engineering/64518/design-simulation-and-hardware-construction-of-an-arduinomicrocontroller-based-dcdc-highside-buck-converter-for-standalone-pv-system/chan-myae-aung
Sustainable Energy by Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadikuijtsrd
Energy becomes sustainable if it meets the needs of the present without compromising the ability of future generations to meet their own needs. Some of the definitions of sustainable energy include the considerations of environmental aspects such as greenhouse gas emissions, social, and economic aspects such as energy poverty. Generally far more sustainable than fossil fuel are renewable energy sources such as wind, hydroelectric power, solar, and geothermal energy sources. Worthy of note is that some renewable energy projects, like the clearing of forests to produce biofuels, can cause severe environmental damage. The sustainability of nuclear power which is a low carbon source is highly debated because of concerns about radioactive waste, nuclear proliferation, and accidents. The switching from coal to natural gas has environmental benefits, including a lower climate impact, but could lead to delay in switching to more sustainable options. “Carbon capture and storage” can be built into power plants to remove the carbon dioxide CO2 emissions, but this technology is expensive and has rarely been implemented. Leading non renewable energy sources around the world is fossil fuels, coal, petroleum, and natural gas. Nuclear energy is usually considered another non renewable energy source, although nuclear energy itself is a renewable energy source, but the material used in nuclear power plants is not. The paper addresses the issue of sustainable energy, its attendant benefits to the future generation, and humanity in general. Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadiku "Sustainable Energy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64534.pdf Paper Url: https://www.ijtsrd.com/engineering/electrical-engineering/64534/sustainable-energy/paul-a-adekunte
Concepts for Sudan Survey Act Implementations Executive Regulations and Stand...ijtsrd
This paper aims to outline the executive regulations, survey standards, and specifications required for the implementation of the Sudan Survey Act, and for regulating and organizing all surveying work activities in Sudan. The act has been discussed for more than 5 years. The Land Survey Act was initiated by the Sudan Survey Authority and all official legislations were headed by the Sudan Ministry of Justice till it was issued in 2022. The paper presents conceptual guidelines to be used for the Survey Act implementation and to regulate the survey work practice, standardizing the field surveys, processing, quality control, procedures, and the processes related to survey work carried out by the stakeholders and relevant authorities in Sudan. The conceptual guidelines are meant to improve the quality and harmonization of geospatial data and to aid decision making processes as well as geospatial information systems. The established comprehensive executive regulations will govern and regulate the implementation of the Sudan Survey Geomatics Act in all surveying and mapping practices undertaken by the Sudan Survey Authority SSA and state local survey departments for public or private sector organizations. The targeted standards and specifications include the reference frame, projection, coordinate systems, and the guidelines and specifications that must be followed in the field of survey work, processes, and mapping products. In the last few decades, there has been a growing awareness of the importance of geomatics activities and measurements on the Earths surface in space and time, together with observing and mapping the changes. In such cases, data must be captured promptly, standardized, and obtained with more accuracy and specified in much detail. The paper will also highlight the current situation in Sudan, the degree to which survey standards are used, the problems encountered, and the errors that arise from not using the standards and survey specifications. Kamal A. A. Sami "Concepts for Sudan Survey Act Implementations - Executive Regulations and Standards" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63484.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63484/concepts-for-sudan-survey-act-implementations--executive-regulations-and-standards/kamal-a-a-sami
Towards the Implementation of the Sudan Interpolated Geoid Model Khartoum Sta...ijtsrd
The discussions between ellipsoid and geoid have invoked many researchers during the recent decades, especially during the GNSS technology era, which had witnessed a great deal of development but still geoid undulation requires more investigations. To figure out a solution for Sudans local geoid, this research has tried to intake the possibility of determining the geoid model by following two approaches, gravimetric and geometrical geoid model determination, by making use of GNSS leveling benchmarks at Khartoum state. The Benchmarks are well distributed in the study area, in which, the horizontal coordinates and the height above the ellipsoid have been observed by GNSS while orthometric heights were carried out using precise leveling. The Global Geopotential Model GGM represented in EGM2008 has been exploited to figure out the geoid undulation at the benchmarks in the study area. This is followed by a fitting process, that has been done to suit the geoid undulation data which has been computed using GNSS leveling data and geoid undulation inspired by the EGM2008. Two geoid surfaces were created after the fitting process to ensure that they are identical and both of them could be counted for getting the same geoid undulation with an acceptable accuracy. In this respect, statistical operation played an important role in ensuring the consistency and integrity of the model by applying cross validation techniques splitting the data into training and testing datasets for building the geoid model and testing its eligibility. The geometrical solution for geoid undulation computation has been utilized by applying straightforward equations that facilitate the calculation of the geoid undulation directly through applying statistical techniques for the GNSS leveling data of the study area to get the common equation parameters values that could be utilized to calculate geoid undulation of any position in the study area within the claimed accuracy. Both systems were checked and proved eligible to be used within the study area with acceptable accuracy which may contribute to solving the geoid undulation problem in the Khartoum area, and be further generalized to determine the geoid model over the entire country, and this could be considered in the future, for regional and continental geoid model. Ahmed M. A. Mohammed. | Kamal A. A. Sami "Towards the Implementation of the Sudan Interpolated Geoid Model (Khartoum State Case Study)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63483.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63483/towards-the-implementation-of-the-sudan-interpolated-geoid-model-khartoum-state-case-study/ahmed-m-a-mohammed
Activating Geospatial Information for Sudans Sustainable Investment Mapijtsrd
Sudan is witnessing an acceleration in the processes of development and transformation in the performance of government institutions to raise the productivity and investment efficiency of the government sector. The development plans and investment opportunities have focused on achieving national goals in various sectors. This paper aims to illuminate the path to the future and provide geospatial data and information to develop the investment climate and environment for all sized businesses, and to bridge the development gap between the Sudan states. The Sudan Survey Authority SSA is the main advisor to the Sudan Government in conducting surveying, mappings, designing, and developing systems related to geospatial data and information. In recent years, SSA made a strategic partnership with the Ministry of Investment to activate Geospatial Information for Sudans Sustainable Investment and in particular, for the preparation and implementation of the Sudan investment map, based on the directives and objectives of the Ministry of Investment MI in Sudan. This paper comes within the framework of activating the efforts of the Ministry of Investment to develop technical investment services by applying techniques adopted by the Ministry and its strategic partners for advancing investment processes in the country. Kamal A. A. Sami "Activating Geospatial Information for Sudan's Sustainable Investment Map" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63482.pdf Paper Url: https://www.ijtsrd.com/engineering/information-technology/63482/activating-geospatial-information-for-sudans-sustainable-investment-map/kamal-a-a-sami
Educational Unity Embracing Diversity for a Stronger Societyijtsrd
In a rapidly changing global landscape, the importance of education as a unifying force cannot be overstated. This paper explores the crucial role of educational unity in fostering a stronger and more inclusive society through the embrace of diversity. By examining the benefits of diverse learning environments, the paper aims to highlight the positive impact on societal strength. The discussion encompasses various dimensions, from curriculum design to classroom dynamics, and emphasizes the need for educational institutions to become catalysts for unity in diversity. It highlights the need for a paradigm shift in educational policies, curricula, and pedagogical approaches to ensure that they are reflective of the diverse fabric of society. This paper also addresses the challenges associated with implementing inclusive educational practices and offers practical strategies for overcoming barriers. It advocates for collaborative efforts between educational institutions, policymakers, and communities to create a supportive ecosystem that promotes diversity and unity. Mr. Amit Adhikari | Madhumita Teli | Gopal Adhikari "Educational Unity: Embracing Diversity for a Stronger Society" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64525.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64525/educational-unity-embracing-diversity-for-a-stronger-society/mr-amit-adhikari
Integration of Indian Indigenous Knowledge System in Management Prospects and...ijtsrd
The diversity of indigenous knowledge systems in India is vast and can vary significantly between different communities and regions. Preserving and respecting these knowledge systems is crucial for maintaining cultural heritage, promoting sustainable practices, and fostering cross cultural understanding. In this paper, an overview of the prospects and challenges associated with incorporating Indian indigenous knowledge into management is explored. It is found that IIKS helps in management in many areas like sustainable development, tourism, food security, natural resource management, cultural preservation and innovation, etc. However, IIKS integration with management faces some challenges in the form of a lack of documentation, cultural sensitivity, language barriers legal framework, etc. Savita Lathwal "Integration of Indian Indigenous Knowledge System in Management: Prospects and Challenges" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63500.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/63500/integration-of-indian-indigenous-knowledge-system-in-management-prospects-and-challenges/savita-lathwal
DeepMask Transforming Face Mask Identification for Better Pandemic Control in...ijtsrd
The COVID 19 pandemic has highlighted the crucial need of preventive measures, with widespread use of face masks being a key method for slowing the viruss spread. This research investigates face mask identification using deep learning as a technological solution to be reducing the risk of coronavirus transmission. The proposed method uses state of the art convolutional neural networks CNNs and transfer learning to automatically recognize persons who are not wearing masks in a variety of circumstances. We discuss how this strategy improves public health and safety by providing an efficient manner of enforcing mask wearing standards. The report also discusses the obstacles, ethical concerns, and prospective applications of face mask detection systems in the ongoing fight against the pandemic. Dilip Kumar Sharma | Aaditya Yadav "DeepMask: Transforming Face Mask Identification for Better Pandemic Control in the COVID-19 Era" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64522.pdf Paper Url: https://www.ijtsrd.com/engineering/electronics-and-communication-engineering/64522/deepmask-transforming-face-mask-identification-for-better-pandemic-control-in-the-covid19-era/dilip-kumar-sharma
Streamlining Data Collection eCRF Design and Machine Learningijtsrd
Efficient and accurate data collection is paramount in clinical trials, and the design of Electronic Case Report Forms eCRFs plays a pivotal role in streamlining this process. This paper explores the integration of machine learning techniques in the design and implementation of eCRFs to enhance data collection efficiency. We delve into the synergies between eCRF design principles and machine learning algorithms, aiming to optimize data quality, reduce errors, and expedite the overall data collection process. The application of machine learning in eCRF design brings forth innovative approaches to data validation, anomaly detection, and real time adaptability. This paper discusses the benefits, challenges, and future prospects of leveraging machine learning in eCRF design for streamlined and advanced data collection in clinical trials. Dhanalakshmi D | Vijaya Lakshmi Kannareddy "Streamlining Data Collection: eCRF Design and Machine Learning" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63515.pdf Paper Url: https://www.ijtsrd.com/biological-science/biotechnology/63515/streamlining-data-collection-ecrf-design-and-machine-learning/dhanalakshmi-d
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
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transactions whether they are virtual or real
transactions. Cryptocurrencies represent valuable and
intangible objects which can be used electronically or
virtually in different applications and networks such
as online social networks, online social games, virtual
worlds and peer to peer networks.in many financial
transactions whether they are virtual or real
transactions. Cryptocurrencies represent valuable and
intangible objects which can be used electronically or
virtually in different applications and networks such
as online social networks, online social games, virtual
worlds and peer to peer networks. As early as 2012,
small scale Bitcoin transactions were already taking
place within the country. These were still early days
in the development of Bitcoin when only crypto
hobbyists were interested in Bitcoin. By 2013,
Bitcoin was beginning to gain a level of popularity
that was spreading across many countries. That year,
a few businesses began to accept Bitcoin payment. A
vintage era pizza shop called Kolonial in the Worli
area of Mumbai became the first restaurant service in
India to accept Bitcoin payments.
There are more than 1,600 cryptocurrencies in
circulation today, with a combined market cap of over
$289 billion, according to Coin Market Cap data.
Investors around the world are eager to trade in this
rapidly-growing space, and a slew of cryptocurrency
platforms have emerged to meet the need for
infrastructure to support the exchange of digital
currencies. Though they call themselves "exchanges,"
from an investor's standpoint they function similarly
to e-brokerages and their rapid rise is reminiscent of
the explosion of electronic discount brokerage firms
during the dotcom bubble of the late 1990s.
Review of literature:
A high-level Inter-Ministerial Committee was
constituted in November 2017 to study the issues
related to virtual currencies and propose actions to be
taken. The Committee submitted its report on
February 28, 2019 and the report was released in
public domain on July 22, 2019. The mandate of the
Committee included examining the policy and legal
framework for regulation of virtual currencies.
Recommendations of the Committee include:
Virtual currencies: Virtual currency is a digitally
tradable form of value, which can be used as a
medium of exchange or acts as a store of value or a
unit of account. It does not have the status of a legal
tender. A legal tender is guaranteed by the central
government and all parties are legallybound to accept
it as a mode of payment.
Cryptocurrency is a specific type of virtual currency,
which is decentralised and protected by cryptographic
encryption techniques. Decentralisation implies that
there is no central authority where records of
transactions are maintained. Instead, transaction data
is recorded and shared across multiple distributor
networks, through independent computers. This
technology is known as Distributed Ledger
Technology.
Issues related to virtual currencies: The Committee
observed that cryptocurrencies cannot replace
traditional currencies due to several issues associated
with them. These include: (i) cryptocurrencies are
subjected to market fluctuations. For instance, the
value of Bitcoin cryptocurrency reduced from around
USD 20,000 (December’17) to USD 3,800
(November’18) in less than a year; (ii)
cryptocurrencies are decentralised, which makes them
difficult to regulate; (iii) cryptocurrency design have
several vulnerabilities which leave consumers open to
risk of phishing cyber-attacks and ponzi schemes.
Further, transactions are irreversible, meaning there is
no way to redress wrong transactions; (iv)
cryptocurrencies require large amount of storage and
processing power, which can have unfavourable
consequences on country’s energy resources; and (v)
cryptocurrencies provide greater anonymity .
There is an increasing trend of foreign cryptocurrency
exchanges investing in Indian cryptocurrency
exchanges. It is because India has a population of 139
crore that is predominantly young which is seen as
tech-savvy and more adaptable to crypto saving,” said
Harish BV, co-Founder, Unocoin, which has a user
base of 13 lakh in India. The median age of Indians is
between 28 and 29 years.
In March 2020, when India’s apex court set aside
RBI’s circular and allowed financial institutions to
engage in digital coin transactions, investors returned
to the market with a vengeance. Within weeks of the
RBI ban lifting, trading volumes and new sign-ups on
crypto exchanges went up multifold. Since then, the
volumes and user base of these exchanges have
expanded each month.
Mitchell Rice (2019) has also stated that no specific
building or agency regulates cryptocurrency; thus,
cryptocurrency is based on people's trust that it would
also be helpful tomorrow. This digital currency is not
backed by any asset or guaranteed against a liability.
In 2016, DeVeries had stated that cryptocurrency
sustains from the trust and acceptance of its owners
and users of the instrument. He also said it is
susceptible to easy attacks due to easy access. He
wrote that, ‘These 'tests' were launched by exchanges
and miners to prove a point about Bitcoin's design:
that the network cannot handle a high load transaction
rate.
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Another paper by Cameron Harwick reiterated the
same idea in 'Cryptocurrency and the Problem of
Intermediation, 2016' as: "The fundamental problem
here is trust.
The necessity' of a method transition, however,
deserves a few more words. Because a cryptocurrency
protocol defines both the coinage and exchange of the
base money, issuing liabilities on a fractional-reserve
basis requires more than simply adding parameters to
coins. A bank that wants to vary its issue with
demand needs to create its coinage and exchange
mechanism, a new protocol that would not be
compatible with the original even if its processing
took place on the identical blockchain. Nor would one
issuer's liabilities be compatible with another's." The
essence of this problem arises from the status of an
illegal tender and non-regulation.
Advantages:
Introduction benefits of using virtual currencies into
two categories. Those are economic and individual
benefits. The economic benefits under the EBA relate
to more facts. First, they relate to transaction costs. In
principle transaction, costs should not exist because
there are no intermediaries in the transaction.
However, there are transaction costs, but they are
much less compared to other forms of payment. The
reason is the costs incurred in regulation, internal
control, and similar.
Secondly, approximately every ten minutes new
blockchain entries are added. The geographic distance
of the participants in the transaction does not matter.
Regardless of their distance, the same timeline is
required to complete the transaction. This
characteristic is considered an exceptional advantage
in opposition to other payment methods. The basic
individual benefit of cryptocurrencies is online
transactions. The use of cryptocurrencies is beneficial
to both buyer and seller. Because they are
autonomous they have no issuer and no institution to
control their circulation, which means the seller is
granted full anonymity, which buyers mainly benefit
from. A return possibility in a virtual currency
transaction is not deductible. When making a
payment for a selected product or we cannot get the
virtual currency unit back on request. This is where
the EBA highlighted the advantage by sellers
because, with traditional forms of payment in the case
of fraudulent defect reports, funds often would have
to be refunded. Except for spending money,
cryptocurrencies have been suggested to be a new and
popular form of alternative investment. They hold
several important advantages over traditional forms of
currency such as independence, security, and price
liquidity which can result in something like we
experienced with Bitcoin, resulting in a massive surge
of interest in cryptocurrency.
Anyone who owned Bitcoin at the end of 2017
became very rich overnight. Bitcoin exploded in
price, and needless to say, everyone who wasn’t a
part of that wanted to invest some money in case it
happened again. And it did happen again in 2019
many cryptocurrency users find it very important that
it preserves their privacy. In order to be able to open
an account and execute transactions through a bank,
you are obliged to provide extensive personal
information, but with cryptocurrency, you do not
have to provide personal data and the transactions
take place anonymously. Although the degree of
privacy varies from cryptocurrency to cryptocurrency,
most of them guarantee complete anonymity. And
you can create as many account numbers or addresses
as you want.
Disadvantages of Cryptocurrency:
Stated before, the advantage of cryptocurrencies is its
anonymity but the downside of anonymity is its lack
of confidence.
1. The lack of a competent institution to control and
guarantee creates a high risk of the counterparty.
2. In electronic money, the issue of risk and trust is
questionable, while in fiat money it is highly
correlated with the national economy and politics.
While some experts applaud the anonymity
feature of cryptocurrencies, many see them as a
downside. The reason for that is their
susceptibility to criminal purposes resulting from
the anonymity of their use.
3. The black market and the dark web are big users
of cryptocurrencies. Criminals value their
anonymity, as much as they value the ability to
send vast sums of money around the world simply
using their phone. This made cryptocurrencies
relatable to the risk of money laundering, terrorist
organizations, and other illegal activity, financing
many negative connotations. From a strictly
economic view, many experts show a negative
attitude towards cryptocurrencies because of their
strong volatility and difficult to predict.
Since the beginning, cryptocurrencies had a highly
volatile nature. This is one of the main reasons mass
adoption is taking longer than it should. Many
corporations don’t want to deal with a form of money
that is going through huge swings in volatility.
Experts are also pointing out other potential
problems.
4. Regulatory and legal issues are two of the big
obstacles facing the crypto sector. Because the
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technology is new, governments and banks have
not yet formed a coherent fiscal policy for them.
Therefore, there is a risk that their taxation status,
trading rules, or even legality, could change and
become more complicated.
Also, a concern, although it’s never been conclusively
proved, it’s widely assumed that insider trading,
collusion, and market manipulation is present across
the crypto sector. And last, but not least, one big
cryptocurrency issue is lack of awareness and
understanding. It is a known fact that many people are
still unaware of digital currencies. To be able to use
and invest in cryptocurrencies people need to be
educated to be able to apply it to their lives.
Businesses are accepting bitcoins because of the
advantages, but the list is relatively small compared
to physical currencies. One of the reasons is that the
workers need to be educated on Bitcoin so that they
can help the customers. This will definitelytake some
time and effort.
Its rise in India:
India with a population that is over 1 billion strong
has been on something of an economic renaissance in
the last few years. Such has been the extent of the
country’s growth that the IMF has called it the
fastest-growing emerging economy. More than 40
percent of the country’s population has access to
telecoms and internet services. A country steeped in
mystery, history, and culture, it is also not one to fall
behind when it comes to technological advancement.
Bitcoin and other cryptocurrencies have been
operating within the country for a number of years
now. This article looks at the state of the Indian
cryptocurrency market. As early as 2012, small scale
Bitcoin transactions were already taking place within
the country. These were still early days in the
development of Bitcoin when only crypto hobbyists
were interested in Bitcoin. By 2013, Bitcoin was
beginning to gain a level of popularity that was
spreading across many countries. That year, a few
businesses began to accept Bitcoin payment. In a
short space of time, cryptocurrency exchanges began
to spring up within the country. Pioneers like
BtcxIndia, Unocoin, and Coinsecure began offering
cryptocurrency exchange and trading services in
India. Over time, others like Zebpay, Koinex, and
Bitcoin-India were added to the list. With the
proliferation of crypto trading and exchange
platforms, the crypto market in India has grown from
its modest level in 2013 to what it is today. Apart
from these online exchanges, there are also a number
of over-the-counter (OTC) crypto shops in the
country. Add to this, numerous Bitcoin ATMs in
major Indian cities and you have the makings of a
crypto economic hub. On November 8, 2016, Prime
Minister Narendra Modi announced the
commencement of a demonetization Policy. The
move by the government to demonetize
approximately 86 percent of the country’s paper
currency sent shockwaves all across the subcontinent
of India. People with large cash holdings required a
new means of holding such wealth without incurring
significant tax burdens and sundry government
scrutiny. This meant that they were effectively
circumventing what would have been considerable
taxes if they had tried to circulate their wealth
through the banking system. The demonetization
policy also led to widespread criticism of the
mainstream financial scene in the country.
In the space of 24 hours, 86 percent of the country’s
paper currency in circulation had been rendered
valueless by virtue of a single government
proclamation. Realizing that fiat money isn’t exactly
“real” money since it isn’t backed up by anything,
Indians began to seek alternative currency models.
Many Indians, especially those in the 40 percent
bracket with access to the Internet began to take up
Bitcoin and other cryptocurrency investments. The
2016 demonetization policy may have spurred the
adoption of cryptocurrencies among a considerable
portion of the population but realities soon began to
emerge that have stifled the growth of the market in
the country.
Despite its vast population, India only contributes 2
percent of the total global cryptocurrency market
capitalization. The small role being played by such a
large economy can be attributed to the high
cryptocurrency prices & the RBI-led government
crackdown. The general level of prices of
cryptocurrencies in India is on the high side. Market
rates are relatively higher by as much as 5 to 10
percent compared to the global average.
This means that Indians can only get involved in
peripheral participation in crypto trading as far as
international crypto exchange platforms are
concerned. Lack of large-scale mining facilities &
strict government restrictions on international money
flow also make it significantly difficult for Indians to
transact with many of the large foreign crypto
exchange platforms. The Reserve Bank of India (RBI)
has been consistent in warning citizens of the risk
associated with cryptocurrencies.
World's largest cryptocurrency by market cap:
At the time of October 8th, 2019 there were
approximately 2,957 cryptocurrencies being traded
with a total market capitalization of $221bn. This
means that the top 10 cryptocurrencies represent
roughly 85% of the total market value. Even though
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the list of top 10 cryptocurrencies changes very often,
the first three on the list is a constant. Those are
Bitcoin, Ethereum, and Ripple.
1. Bitcoin:
Bitcoin is the world's largest cryptocurrency by
market cap. Launched in 2009, it is created by an
anonymous developer Satoshi Nakamoto, whose true
identity is never verified. Bitcoin offers the promise
of lower transaction fees than traditional online
payment mechanisms and is operated by a
decentralized authority, unlike government-issued
currencies.
2. Ethereum:
A blockchain-based open public network platform
that enables developers to build and deploy
decentralized applications for use by businesses, as
well as individual users. It acts as a platform on
which a whole virtual ecosystem can be developed,
stored, executed, and used by users securely and
anonymously.
3. XRP:
XRP is a currency that is part of the Ripple
technology. Ripple is a technology mostly known for
its digital payment network and protocol. Ripple's
main specialty is payment settlement asset exchange
that is similar to the SWIFT system for international
money. Over the last year, fourth and fifth place of
the list has been exchanged by Bitcoin Cash and
Bitcoin SV. Both of those coins are a result of a hard
fork of Bitcoin. A hard fork is a radical change to the
protocol of a blockchain network that makes
previously invalid blocks/transactions valid or vice-
versa This means both of those coins started as
Bitcoin, but a group of miners decided they wanted to
set new rules to the code, changing its initial idea and
creating their own version of Bitcoin. Some coins that
are or have been in the top 10 cryptocurrencies by
market cap are Tether, Litecoin, EOS, Stellar, and
Monero. Tether is a blockchain-based cryptocurrency
stable coin whose crypto coins in circulation are
backed by an equivalent amount of traditional fiat
currencies, like the dollar, euro, or yen. It is always
worth 1 American dollar.
Litecoin is a peer-to-peer cryptocurrency. It's a fully
decentralized open-source, working as a global
payment network developed with the aim to improve
Bitcoin's shortcomings EOS is a decentralized system
based on the blockchain that enables the
development, hosting, and execution of decentralized
applications on its platform, similar to Ethereum.
Stellar is an open source payment technology; very
similar to Ripple Monero is a digital currency that
offers a high level of anonymity for users and their
transactions. It has several privacy-enhancing features
that improve upon Bitcoin One crypto token that
hasn’t made the top 10 list yet.
Cryptocurrency and Laws
Besides concerns and challenges that are facing
current virtual currency systems, I analysed the
legislative issues that are likely to influence
cryptocurrency use. Moreover, several lawsuits and
real world laws that are likely to be triggered with
virtual currency industry are involved in our analysis.
A status of governments on cryptocurrency around
the world exchanging virtual currency with real
currency is a hot topic in e-business and e-commerce
industries. Trading cryptocurrency for cash is banned
and prohibited in some countries where in other
countries, it is either allowed or not regulated yet. If
2017 was the year of the Initial Coin Offerings (ICO),
it seems as if 2018 is destined to become the year of
regulatory reckoning. Things have already begun to
heat up as countries around the world grapple with
cryptocurrencies and try to determine how they are
going to treat them.
Presented as follows:
1. United States (Friendly): The U.S. has been
taking an approach to foster innovation and
growth of blockchain and cryptocurrency while
protecting investors from high risks and fraud. On
February 6, 2018, the Securities Exchange
Commission (SEC) and Commodity Futures
Trading Commission (CFTC), took the position
that “we owe it to this new generation to respect
their enthusiasm for virtual
2. Canada (Friendly): The Consumer Agency of
Canada (FCA) publishes online information
regarding digital and cryptocurrencies. The FCA
explains aspects of decentralization, peer-to-peer
transactions, digital wallets, wallet security, and
the risks of using digital currency. They further
maintain that digital currencies are not legal
tender, and that profits made from digital
currencies are subject to Canada’s Income Tax
Act. Goods and services exchanges for
cryptocurrency must be reported as income for
tax purposes, and transactions between
cryptocurrencies are considered commodity
transactions, and must be reported.
3. China (Hostile): China is notorious for some of
the world’s largest bitcoin mines. In 2017, China
banned cryptocurrency trading on Chinese
exchanges and made ICO fundraising illegal,
curving market demand, and causing a large
overall downtrend in the cryptocurrency markets.
Some are welcoming, others are cautious. And
some countries are downright antagonistic. Here
is a brief overview of how 10 countries/unions
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from various regions are treating cryptocurrency
regulations
4. South Korea (Neutral): The cryptocurrency
market’s all-time highs in January 2018 were
quickly silenced, in part from fears that South
Korea may ban cryptocurrency trading in a
manner similar to China.
5. Japan (Friendly): Currently, Japanese Yen
accounts for over 36% of Bitcoin’s trading
volume, more than every other currency. USD is
second at just over 31%. Japan’s high demand for
cryptocurrency is supported by a well-regulated
legal system that supports the industry.
6. Singapore (Friendly): Singapore is often
considered one of the more hospitable
government’s toward cryptocurrencies. In
October 2017, the Monetary Authority of
Singapore (MAS) published a clarifying
document on cryptocurrency regulation.
7. Thailand (Neutral): Thailand expects to clarify its
stance on how to regulate digital currencies
within the coming months. The government aims
to protect against fraudulent activities and
deceitful investments, while maintaining the
benefits of using blockchain technology.
8. Vietnam (Neutral/Hostile): Vietnam’s Ministryof
Justice and State Bank of Vietnam (SBV) are
quickly preparing a report to present to the
Council of Ministers.
9. Russia (Friendly): In January 2018, the Russian
Finance Ministry drafted a bill that would legalize
“digital financial assets” stored on blockchain
networks as electronic securities. The bill would
define the scope of regulations on cryptocurrency,
and would not prohibit trading.
Conclusion and Suggestions
Cryptocurrency offers a new, effective and attractive
model of payment methods that can boost companies
and operators revenues. It also provides alternative
method of payment, apart from real money, that
enables users to make financial activities such as
buying, selling, transferring and exchanging easily.
Although cryptocurrency platforms open many
channels for digital financial transactions and provide
a new form of currency with different mechanisms
and methods, they are not controlled and regulated as
they deserved. The research analyzed cryptocurrency
platforms and extracted many concerns and
challenges that put such financial system under the
risk. The lack of legislations is considered as the main
concern in cryptocurrency systems. Almost a clear
picture of the size of cryptocurrency use has been
drawn from my analysis of the current cryptocurrency
Although the pilot study has been conducted with
relatively small sample, but the results showed me a
preliminary perception about the use, the growth, the
trust of using and future expectations of
cryptocurrency. I can now realize many indications
that can provide initial answers to the research
questions. My analysis indicates that cryptocurrency
is very likely to be the next currency platform due to
the large volume of cryptocurrency that is flowing in
different systems, the huge expanding and growing of
using and implementing cryptocurrencies and the
opportunities that cryptocurrency systems offer.
Moreover, the confidence and trust rate of using
cryptocurrency is noticeably high as it can be seen in
several cases that have been stated in this paper
besides the survey results. However, users have not
realized the full picture of using cryptocurrency. The
correlation between the real financial laws and the
legislative status of implementing cryptocurrency
platform needs to be studied further from various
different prospective. Moreover, the adoption and
acceptance level also needs more consideration and
more analysis with large samples. Trust and
confidence are important factors that need to be
investigated further in terms of using and trading the
Cryptocurrency forms. The further research scope can
be extended to developing use-cases for applications
of cryptocurrency across different sectors in India.
References
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[2] Anurag Vaishnav (July 2019), Virtual
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[3] Chris Burniske, Jack Tatar (2017),
Cryptoassets: The Innovative Investor's Guide
to Bitcoin and Beyond, McGraw- Hill.
[4] DeVries P. D. (2016), An Analysis of
Cryptocurrency, Bitcoin and the future,
International journal of business managrment
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[5] Harwick C. (2010), Cryptocurrency and the
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[7] Mitchell Rice (2019), “Cryptocurrency,
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