FUTURE OF CRYPTO CURRENCY EMERGING TREND AND INNOVATION
AUTHOR – SURAJ KUMAR* & DR.KUNVAR DUSHYANT SINGH**
* STUDENT AT AMITY UNIVERSITY LUCKNOW
** ASSISTANT PROFESSOR AT AMITY UNIVERSITY LUCKNOW
BEST CITATION – SURAJ KUMAR & DR.KUNVAR DUSHYANT SINGH, FUTURE OF CRYPTO CURRENCY EMERGING TREND AND INNOVATION, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (7) OF 2025, PG. 76-84, APIS – 3920 – 0001 & ISSN – 2583-2344
Abstract
The cryptocurrency sector has grown from Bitcoin in 2009 to a complicated industry with quick technology and changeable market trends. This article examines recent cryptocurrency innovations, focussing on sustainable cryptocurrencies, central bank digital currencies, decentralised finance, and non-fungible tokens. DeFi systems make financial services more accessible and efficient by enabling peer-to-peer transactions without middlemen. NFTs are revolutionising digital ownership and intellectual property by permitting the trade and price of unique digital assets. International research is investigating CBDCs to improve financial services and monetary policy. Green and sustainable cryptocurrency efforts also address the need to improve consensus mechanisms to lessen blockchain technology’s environmental impact. Privacy enhancements, interoperability frameworks, and Layer 2 scalability solutions are helping the bitcoin ecosystem. Layer 2 solutions like the Lightning Network and Rollups speed up and scale transactions, while Polkadot and Cosmos foster multi-chain ecosystems. Money transactions are safer because to zero-knowledge proofs and other privacy-focused innovations. Despite these advancements, the cryptocurrency business still has to overcome market instability, security concerns, and confusing rules. Strong standards, safety procedures, and strategies for unexpected markets are needed for long-term industry success. Finally, this paper suggests ways investors, corporations, and regulators might capitalise on the bitcoin market’s potential and challenges.
Keywords: Cryptocurrency, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Central Bank Digital Currencies (CBDCs), Sustainable Cryptocurrencies, Layer 2 Solutions, Interoperability, Privacy Enhancements, Blockchain Technology, Market Volatility.