• Fiat currencies are regulated by government bodies. The most prominent issue they face is, “trust”. If the bitcoins are able to become a reliable source of trust, they may last for a longer time..

While the world is becoming the pool of fresh, supplementary or innovative ideas, the concept of cryptocurrency (Bitcoin in particular) is rising at a rocketing pace. Though many people are not sure about the intricacies of cryptocurrency, this digital form of money is on the verge of becoming a more trusted means of exchange. Cryptocurrency can be best described as a digital asset which is appearing as a nouveau means of exchange, instead of existing currency also called as fiat money. It foste