Cryptocurrency, A medium of exchange for currency created and stored electronically, using encryption techniques, to control the creation of monetary units and to verify the transfer of funds. Since the introduction of digital currency revolutionizing the system of money exchange through cryptography to the world in 2009, over 2000 currencies are available in the market with a market value of over $550 bn.
The current market value of digital currency including bitcoin, Ethereum, Dash, Monero, Ripple, Litecoin et al has surged over 1000 percent over the past year due to its increasing recognition, according to Bloomberg and It is transpiring at a wild speed as we talk about it. An average number of Indians signing up for cryptocurrency reaches over 2500 in one day and estimated number of active users of cryptocurrency wallets between 2.9 million and 5.8 million is proving that the euphoria has surely caught up in India and is here to stay. Increasing database of users in the country is surely putting India on the world cryptocurrency map as the next big potential market for the digital wallets and allied services. The entailing risks with the digital currencies are certainly being outweighed by the demand. This will empower the industry in gaining a positive outcome from the government seeking its support and approval for the transaction system.
The growth and further evolution of the digital coin market has a massive support of the communities including investors, exchanges, financial institutions, tech companies, digital wallets, miners and regulators.
The increase in the user base in cryptocurrency has augmented the entrepreneurial pursuits such as developing exchanges, wallet services and alternative digital currencies. Evidently, the information available for cryptocurrency in the market is not all positive. The Crypto Con 2018 is endeavoring to provide a platform where digital currency value chain stakeholders, including the financial institutions and fintech companies can come together to exchange thoughts, insights and knowledge on the subject and for the industry experts help pave the way forward for the cryptocurrency market help through its infancy in the Indian marketplace.