Future trends of cryptocurrency in India: A perception study

Abstract

Cryptocurrency is a digital currency designed for use in transactions just like regular money. To safeguard its exchanges, restrict the development of a specific kind of cryptocurrency, and keep track of each and every transaction across the entire network, it uses blockchain and cryptography. Even after a decade of existence, cryptocurrency has not established a reputation as a new age currency system among the majority of countries in the world, and people are still dubious about its value despite being loaded with numerous cutting-edge technologies and having a sizable market presence everywhere. Cryptocurrencies have been around for almost 10 years, but it is still unclear whether they will ever become a real currency or if they will stay a component of investment portfolios. Since Odisha is a backward state, a study has been done to determine the level of awareness and perception of cryptocurrencies in its cities.