Introduction To Cryptocurrency And The Rise Of Bitcoin
- IJLLR Journal
- Jun 22
- 1 min read
Anuvansh Gupta, School of Law & Constitutional Studies, Shobhit Institute of Engineering and Technology (Deemed to be University), Meerut
Mohd Amir, School of Law & Constitutional Studies, Shobhit Institute of Engineering and Technology (Deemed to be University), Meerut
ABSTRACT
The emergence of cryptocurrency has revolutionized global financial systems by introducing decentralized, peer-to-peer digital currencies. Among these, Bitcoin stands out as the pioneering and most influential cryptocurrency. Introduced in 2009 by the pseudonymous developer Satoshi Nakamoto, Bitcoin challenged traditional banking paradigms by utilizing blockchain technology to facilitate secure, transparent, and immutable transactions without the need for intermediaries. This paper explores the conceptual foundations of cryptocurrency, with a particular emphasis on the rise of Bitcoin, its historical development, technological underpinnings, and its socio-economic impact. Furthermore, it examines Bitcoin’s influence on global financial innovation, market dynamics, and regulatory debates. As governments and financial institutions respond to the growth of digital assets, Bitcoin continues to act as both a disruptor and catalyst for digital transformation in the monetary landscape.
