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Cryptocurrency is a computerized money that is made and overseen using progressed encryption procedures known as cryptography. Cryptocurrency took the jump from being a scholarly idea to (computer generated) reality with the production of Bitcoin in 2009.1 While Bitcoin pulled in a developing continuing in ensuing years, it caught huge speculator and media consideration in April 2013 when it topped at a record $266 per bitcoin subsequent to flooding 10-overlay in the first two months. Bitcoin brandished a market estimation of more than $2 billion at its pinnacle, yet a half dive presently started a seething discussion about the fate of digital forms of money when all is said in done and Bitcoin in particular.2 So, will these elective monetary standards ultimately replace regular monetary forms and become as universal as dollars and euros sometime in the not so distant future? Or on the other hand are digital currencies a passing trend that will fire out after a short time? The appropriate response lies with Bitcoin.