Comparative Analysis on Different Generations of Cryptocurrency

Abstract

Cryptocurrency is the new era of currency that has already at its apex and still going to achieve many things in the future. A cryptocurrency is a digital form of currency in which no centralized authority is there between transactions that is they are done peer to peer. The basic technology behind this is called blockchain which is discussed in detail in this paper. According to the timeline of inventions of different cryptos, they are differentiated into different generations like bitcoin which was the first-generation cryptocurrency after that in the second generation Ethereum came which is one step further of bitcoin and then current generation which is known as the third generation in which Cardano, Pollkadot, etc came under this. All these generations, their principal, applications, and comparative studies are included in this research paper.