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Research Paper | Commerce and Economic Studies | India | Volume 12 Issue 5, May 2023

Impact of Using Crypto Currency to Maintain Cyber Security Blockchain Innovations and Applications

Debajyoti Sarkar

Abstract: Purpose: Crypto currency has been identified as a form of currency which can be transferred via a "Digital platform". These "crypto currencies" are presented in the form of "a large amount of data" which is leveraged through networks. The key gaps and lack of strong authentication of these networks, data and transactions between the users have resulted in the accessibility to "Hackers". Methodology: A deductive approach has been used in order to generate different types of hypotheses and variables from the previous studies. Findings: As a result, there has been a huge increase in the number of "malicious actions, phishing attacks, cyber threats, scams, and financial frauds". Henceforth, the growth of "crypto currency" has enforced companies to develop and innovate "Block chain applications" in order to increase the integrity and security of transactions. Implications: Cyber security has been playing a huge in order to improve the "transparency, authentication, and reliability" of the data and networks. The main of the research is to critically analyse the impact of using "Crypto currencies" in order to achieve "cyber security, maintain "Block chain innovations" and secure other technological applications". Originality: The originality of the study is fully authentic.

Keywords: Crypto currency, cyber security, Block chain, cyber threats, transparency, authentication

Edition: Volume 12 Issue 5, May 2023,

Pages: 319 - 325