primarily managed, stored or exchanged on digital computer systems, especially over the Cryptocurrency is the hot topic of discussion. However, internet. Cryptocurrency is one such digital functioning of crypto currencies are said to be illegal in currency. Cryptography is a digital or virtual nature and most of the countries are not willing to currency in which transactions are verified and incorporate it which may lead to collapse of the entire records are maintained by a decentralized system

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... economy. Despite the prevailing issues, the crypto using cryptography, rather than by a centralized authority. It was founded in 2009 by a currency has been legalized in El Salvador country p r o g r a m m e r o r , p o s s i b l y , a g r o u p o f which had an adverse effect on its economic growth post programmers under the pseudonym Satoshi legalization. In this background, present study analyses Nakamoto. There are different types of the impact of crypto currencies on El Salvador country, cryptocurrencies, but Bitcoin is the first and most its functioning and the possible measures to minimize popular cryptocurrency. the effect of crypto currencies in the near future. Crypto currencies are digital or virtual currencies underpinned by cryptographic systems. Crypto Keyword: currencies are created using cryptographic Cryptocurrency, Bitcoin, Impact, Legalization techniques that enable people to buy, sell or trade Introduction: them securely. They also enable secure online Money is used as a medium of exchange. Before payments without the use of third-party the invention of money barter system was used by intermediaries. "Crypto" refers to the various people where goods are exchanged for other encryption algorithms and cryptographic goods. There was lack of transferability in techniques that safeguard these entries. bartering of goods as well as it was confusing and Central to the appeal and functionality of Bitcoin inefficient. To overcome these hindrances a and other cryptocurrencies is blockchain familiar, easily recognizable and generally technology. Transactions are recorded in "blocks" accepted system has to be created, since it had to that are then linked together on a "chain" of serve as a medium of exchange. This medium of previous cryptocurrency transaction. It is exchange is known as money. Money has become essentially a set of connected blocks or an online common medium for the exchange of goods and ledger. A blockchain is an open, distributed ledger services and generally accepted by all people and that records transactions in code. government. Cryptocurrencies are generated by mining. For With all the present technological development, example, Bitcoin is generated using Bitcoin digital currency was found. Digital currency is any mining. The process involves downloading currency, money, or money-like asset that is