Bitcoin as a Green Economy Solution: An Emerging Concept in India. Introduction Making payments is one of our routines and it has changed its way very drastically. Initially there was the barter system and then we moved from gold/silver coins for making payments, to paper and plastic currency and finally to payment with electronic money. Now there is a new concept emerging: cryptocurrency. Bitcoin is one of the cryptocurrencies that is gaining popularity day by day. What is it? Bitcoin is a virtual or online currency used by the Internet to exchange or pay for services around the world. It is encoded using cryptography for security purposes, so it cannot be easily spoofed. They can be transferred from one computer or smartphone to another and cannot be tracked. Its internationally recognized code is BTC. Bitcoin was introduced on June 3, 2009 as the first cryptocurrency, electronic money system by a group of anonymous individuals. It is a decentralized currency created, used and controlled by its users. The Bitcoin phenomenon is growing rapidly. This currency is limited in number to control the inflation rate. Review the literature Previously there was the practice of using the barter system, the gold/silver/copper system, the paper system and then the plastic system to be able to trade in economics. Barter systemAn old method of exchange introduced before 6000 BC This system was used for centuries and long until the invention of money. People exchange goods for other goods and services in exchange. Today barter has returned to the fore using more sophisticated techniques to facilitate trade; for example, the Internet. In ancient times this system involved the populations of the same area, but today the barter is global. The value of exchanging items can be negotiated with… half paper… There are many places where Bitcoin is accepted as payment. This is likely to change, but for now the average person primarily buys Bitcoin as an investment. Too Volatile Bitcoin prices are currently rising like crazy. The price is likely to stabilize around $10 US, currently $200. Currently the price is rising so fast that an online store would have to adjust their prices almost every day if they wanted to accept Bitcoin. It's very convenient. Conclusion In conclusion, it can be said that bitcoin can be an alternative currency in the future to be used instead of gold, silver, paper, plastic and other metals, which leads to conserving the environmental resources used for this currency creation. In the 21st century everything is digital, virtual or online, so it is better to consider bitcoin as a solution for the green economy.Bibliography
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