Understanding Cryptocurrency

Abstract

This exploratory applied study examines the nature and dimensions of cryptocurrency, namely bitcoin, a peer-to-peer network for facilitating digital barter. As the most widely used cryptocurrency, bitcoin has carved itself a niche market while also promoting the use of other cryptocurrencies. Through descriptive analysis and a visual analytic approach, the study highlights key characteristics and dimensions of bitcoin. The study helps understand the nature and extent of bitcoin use, assisting policymakers to shape and regulate the cryptocurrency marketplace in this contemporary volatile environment.