BitCoin A New Paradigm in E – Commerce

Abstract: Electronic commerce (e- commerce) is generally known as doing business or trade using internet. It is a business model which facilitates the business or a firm to do business electronically. Bitcoin is a digital currency which allows transaction to be performed without banks or any other centralized system. Bitcoin enables person to transfer money without any transaction fee. Our paper is a study to analyse the advantage and disadvantage of bitcoin if it is being used in e-commerce in place of real money.

Keywords: E-commerce, bitcoin, digital currency, bitcoin mining