Blockchain and Ecosystem

Abstract

Blockchain is a secured, immutable, decentralized and distributed ledger technology that can help resolve many of the problems related to centralization. A crypto currency can be described as a virtual money, which uses blockchain technology as an underlying layer, and can be traded online. There are as many as thousands of different crypto currencies, which can be predicted a kingpin for future economy. Crypto currencies are moving forward for gradual acceptance. This digital currency has no physical form and not controlled by a central authority. This paper discusses about various digital crypto currencies along with the standings in the market, emerging disruptions as against the traditional banking approach which is gradually being driven by blockchain innovation and utilized to supplant the vertical, with decentralized and open ecosystem.