BITCOINS: A critical Review

Abstract

Bitcoin is a form of a peer to peer digital currency which is created through computer based mining process and stored electronically. Bitcoin is not regulated by any central or monetary authority and is being in circulation since 2009 onwards.

The objective of this paper is to thoroughly evaluate bitcoins, i.e. what is bitcoins, its inception process, legal status among countries and the boom through which bitcoins is going through. This study is based on secondary data analysis and critical evaluation of research done by different competent authorities on bitcoins. Findings will help in understanding bitcoins in a better perspective and will help in creating awareness among the investors relating to bitcoins investments and its future growth outlook.