Research Journal of Engineering and Technology (IRJET)

Volume: 09 Issue: 04 | Apr 2022 www.irjet.net
Research Journal of Engineering and Technology (IRJET)
Volume: 09 Issue: 04 | Apr 2022 www.irjet.net
e ISSN: 2395 0056
p ISSN: 2395 0072
ABSTRACT—-Cryptocurrencyisasortofdigitalmoneyinwhichtransactionsareprotectedbyencryption.People arefrequentlyunawareofcryptocurrencies,orareunawareofthematall,andmanyregardbitcoinasacriminal activity. As information and communication technology advances at a breakneck pace, many aspects of our everyday lives have been digitized, making them more expandable and productive. Cryptocurrency is a safe, popular, and standardized means to transact from anywhere on the planet, with relatively minimal fees. Thisarticleoutlineswhatcryptocurrencyisallaboutandbeginstoanswersomeofthemostcommonquestions thatnewcomershave.TounderstandwhyBitcoinhastheattributesitdoes,it'snecessarytofirstunderstandthe basicissuewithcryptocurrencies.
Key Words: Cryptocurrency, trading, transparent, Cryptography, Dockets, Encrypted
Cryptocurrency is a peer-to-peer network that facilitates digital barter through encryption. There are about 4,500 different typesofcryptocurrencies.Cryptocurrencieshave nofundamental backing,meaningtheycan't bebacked bya central bank or a government. It makes use of encryption to provide the secure transfer and trade of digital dockets acrossadistributedanddecentralizednetwork.Thesedocketscanbetradedforcashatmarketprices.Theprimarygoal of this study is to provide information to persons who are unfamiliar with cryptocurrency. It's for those who wish to investonlinewhilesimultaneouslydealingwitheconomicoperationslikepurchasing, selling,andtrading.Dellaisshownasacryptocurrencyconsultantinthisstudy.Itimpliesthatitwillhappen
● LiverateofCryptocurrencycoins.
● Latestnewsrelatedtocryptocurrency.
● Upcomingevents.
● Onlineforumfeature,whereuserscancreate/joinroomforstarting/joining conversationsrelatedtospecific
Thisisa web basedproject designed&developedusingpythonprogramminglanguage.Thefeaturesthatarebeingusedupin thisprojectthatwillhelptheuserstoknowmoreaboutcryptocurrenciesare topics.
● Userscanpostimagesonthepostsectionofthe website.Whereinuserscan gatherinformationaboutthe cryptocurrencyalsopeoplecancommentinthepost.
[1]"TheGrowthofCryptocurrencyinIndia:ItsChallenges&PotentialImpactsonLegislation''byShailakJani,ParulUniversity. Theuser'sexpectationsforthefutureofcryptocurrenciesareinvestigatedinthisarticle.Italsoinvestigatesconsumers'trustin interactingwithbitcoinatatimewhentheusageofsuchvirtualmoneyisnotentirelyregulated.Themajorityoftheresults come from individuals or groups of people who use bitcoin often or have previously invested in bitcoin, according to cryptocurrencyusers.
2022,
Factor value: 7.529 | ISO 9001:2008 Certified
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Department of Computer Science and Engineering, Meerut Institute of Engineering and Technology, Meerut
Journal of Engineering and Technology (IRJET)
Volume: 09 Issue: 04 | Apr 2022 www.irjet.net
e ISSN: 2395 0056
p ISSN: 2395 0072
[2]"AnAnalysisofCryptocurrency,Bitcoin,andtheFuture"byPeterD.DeVries,UniversityofHouston Downtown.Theauthor hasexaminedcryptocurrenciesanditsapplicationsinthiswork.Cryptocurrency,heconcluded,isaneight year oldtechnology thatfacilitatesdigitalbarteroveranencryptedpeer to peernetwork.UsingaSWOTanalysisofBitcoin,anumberofrecent eventsandtrendsarehighlightedthatcouldpotentiallycontributetoaparadigmshiftineconomics.
[3]"Cryptocurrencies:marketanalysisandperspectives"byGiancarloGiudici,AlistairMilne&DmitriVinogradov.Theauthor ofthisstudyexaminedthecryptocurrencymarketandcametotheconclusionthat"cryptocurrenciesaredigitalfinancialassets forwhichownershipandtransfersofownershipareensuredbyacryptographicdecentralisedsystem."Theincreasingmarket valueofcryptocurrenciesposesavarietyofissuesandconcernsforbusinessandindustrialeconomics.Cryptocurrencies,we believe,mayservecertainimportantpurposesandprovideeconomicvalue.
[4]"ASTUDYONCRYPTOCURRENCYININDIA"byMohammedMubarak,VijayanagaraSriKrishnadevarayaUniversity,Bellary. Inrecentyears,virtualcurrencyhasbecomewidelyusedinavarietyofsystems.Thisstudylooksintothecurrentlegalityof cryptocurrenciesaswellaspotentialgovernmentactionsthatmightaffecttheminthefuture.Thepaperalsolooksattherisks ofinvestinginBitcoinandgold,aswellashowcountrieshavehandledcryptocurrencylegislation.
[5]"CRYPTOCURRENCY:ANOVERVIEWONITSIMPACTONINDIANECONOMY",byProf.BlessonJames,Prof.ManjariParashar, AssistantProfessor,AssistantProfessorDepartmentofCommerceChristCollegePune,India.Cryptocurrencyisarevolutionary decentralisedvirtualmoneyidea.Similartogold,ithasproventobeanewrouteforinvestmentinstrumentsinIndia.Despite thefact thatIndia'sgovernmenthasyetto establish anyregulatoryagency orlaw governingcryptocurrencytradingand transactions, the government bans the purchase and sale of cryptocurrencies such as bitcoin, bitcoin, and others. CryptocurrenciesimposeanumberofrestrictionsontheiruseinIndianmarketplaces.Thegoalofthisresearchistofigureout whatcryptocurrencyisandhowitaffectstheIndianeconomy.Theanalysisalsoconsidersthecurrentconditionaswellasthe future.InIndia,cryptocurrencieshaveabrightfuture.
Ourinvestigationwasdividedintothreestages.Inthefirstphase,news,events,andcryptocurrencyliveratesareretrieved.
Theonlineforumwasadjustedduringthesecondphase.Dealingwiththepostpart,whereusersmaypublishanythingrelating tocryptocurrenciesandotherscanremarkorexpresstheirideasonit,iscompletedinthethirdphase.Wediscussedthelength ofthecryptocurrency'sexistenceaswellasthe relationshipbetweenitscurrentpriceanditshistoricalhighandminimum.By studyingtheirattributesandhistory,weinvestigatedthecausesofchosencryptocurrencies’failureorsuccess.
Thispapershows a web basedprojectdesigned&developedusing pythonprogramminglanguage.Morespecifically,the Djangoframework.ThealgorithmusedinthisareRESTAPI,DBMS,REDIS(handshaking).Thetoolsandtechnologiesusedare
● Djangoframework
● Python forbackend
● HTML,JS,CSS forfrontend
● Redis forhandshaking
● RESTAPIforliverateofCryptocurrencycoins.
9001:2008
Research Journal of Engineering and Technology (IRJET)
Volume: 09 Issue: 04 | Apr 2022 www.irjet.net
Thisprojectincludesfollowingfeatures,
A.LiverateofCryptocurrencycoins.
ForLiveCryptoRates:livecryptoratesarefetchedusingapicall apicallforfetchingliverates
B.Latestnewsrelatedtocryptocurrency.
FORNEWSFETCHING: callingnewsapi:livenewsarefetchedfrom news.orgapicall
2022, IRJET
e ISSN: 2395 0056
p ISSN: 2395 0072
Impact Factor value: 7.529 | ISO 9001:2008
of Engineering and Technology (IRJET)
Volume: 09 Issue: 04 | Apr 2022 www.irjet.net
1.
2. storingnewsarticlesfetchedfromapitovariable
e ISSN: 2395 0056
p ISSN: 2395 0072
C.Upcomingevents Whereausercancreate/joinaroomforstarting/joiningaconversationrelatedtoaspecifictopic.Ituses theredisserverforfetching&sendingmessages.
1. Firstlypythoncreatesconnectionwithredis&thenperformshandshakeprotocolwithredisserver.
2. Ifhandshakingissuccessful,pythonfetchesandsetsamessageforaparticularroom.Roomsarechannelsinredis.
EventFetching: liveeventsarefetchedusingwebscraping(coinGeckoapifromcoindeskwebsite).
D.OnlineForum:
1. onlineforumisusingredisserver
2. firstlyitcreatesconnectionwithredis
3. applyhandshakeprotocol
4. store&retrievemessagesfromredisserver.
●
Connection
value:
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Research Journal of Engineering and Technology (IRJET)
Volume: 09 Issue: 04 | Apr 2022 www.irjet.net
Messaging:
e ISSN: 2395 0056
p ISSN: 2395 0072
E. Post section: Users can post images on the post section of the website. Where users can gather information about the cryptocurrencyalsopeoplecancommentinthepost.Itusessimpledbmsconcepts.
1. Addingimageindatabase
2. Addingcommentswiththerelatedpostindb 3.Creatingpost: ● addingcommenttopost
Factor value: 7.529 | ISO 9001:2008
Research Journal of Engineering and Technology (IRJET)
Volume: 09 Issue: 04 | Apr 2022 www.irjet.net
e ISSN: 2395 0056
p ISSN: 2395 0072
WetestedthetimerequiredtogetresponsefromtheAPIwithincreasingthe numberofusersonourprojectandgotthe followingresults:
Response Time
1 200
500
800
1000
1100
Thispaperhasrecentlycomeintousewhichdealswiththecryptocurrency’spricesandmorenewfeaturesthatarebeing addedupinthisproject.Inpreviousresearchthereistheinformationregardingcryptocurrencyandtheiroriginandprices, thispapersharestheinformationforthoseuserswhowantguidanceregardingthecryptocurrency.Thisisfortheoneswho don'tknowwheretoinvest&whichisthebesttopurchase.Apartfromthisitalsoshowshowtheprojectisbeneficialforusers andgivesthemthebestrecommendationsforbuying.Ifa userneedssomelatestnewsbutdoesn'twanttosurfmultiple websites for the same, he can visit project’s(Della) news section where he can get all the current news related to Cryptocurrency.Alongwiththat,ifauserishavinganyqueryorneedstoshareanythinginterestinghecansimplypostina Dellawhereotheruserscaninteractwithhim&it'slikeanopenportaltoshareideas.HeretheusageofPython'sDjango frameworkisthereforbuildingthewebsite.HTML,CSS,JS&Bootstraparebeingusedfordesigningpurposes.Pythonisusedas abackendtool.Differentfeatureusesdifferenttool/technology:
2022, IRJET | Impact Factor value: 7.529 | ISO 9001:2008 Certified Journal |
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Research Journal of Engineering and Technology (IRJET)
Volume: 09 Issue: 04 | Apr 2022 www.irjet.net
e ISSN: 2395 0056
p ISSN: 2395 0072
LiveStatusisdisplayedbyusingAPIswhichbringdatafrommultiple websitesandthenPythonprocessesthedatafor displayingthelivestatusaswell.Thisusessomealgorithmsforrecommendationpurposestoo,sothatuserscangetthebest recommendationstoinvestin
NewsisdisplayedbyWEBSCRAPINGtechnology.Itisimplementedbybeautifulsoup4, urllib&requestlibrariesofpython. LibrarieslikeRegexarebeingusedtocrawldatafrommultiplenewswebsitesandtocheckifdataisrelatedtocryptocurrency. PythonisusedtoscrapthedataanddisplayittotheuserviaHTML.
ThePostsectionisimplementedbyusingDBMS,morespecifically,SQL.
Upcomingeventsisafeatureusedinthisprojectwhereausercancreate/joinaroomforstarting/joiningaconversation relatedtoaspecifictopic.ItusestheRedisserverforfetching&sendingmessages.EventFetching: liveeventsarefetched usingwebscraping(coinGeckoapifromcoindeskwebsite).
OnlineForumisusingRedisserver.Firstly,itcreatesaconnectionwithRedis,thenitappliesthehandshakeprotocol.Thenit stores&retrievesmessagesfromtheRedisserver.
Thispapershowsthefeaturesthatarenewintheprojectandarebeneficialfortheuserswhohaveinterestinonlinetrading andinvesting.Moreresearchwillcontinueregardingthisproject.
[1]https://www.researchgate.net/publication/320269862_Analysis_of_Cryptocurrencies_Price_Development is for the analysis of different cryptocurrencies and their analysis of price. The information regarding more cryptocurrencies , Jan Lansky.Date of creation:-2016. Date of Access:- 26 11 2021[14:07:52].
[2]https://www.researchgate.net/publication/324770908_The_Growth_of_Cryptocurrency_in_India_Its_Challenges_Potenti al_Impacts_on_Legislation showsthegrowthofcryptocurrencies, theirdetailsandinformation about their challenges, ShailakJani.Dateofcreation:-April2018.DateofAccess:-[10:10:30].
[3]https://towardsdatascience.com/understanding-random-forest-58381e0602d2is for learning about random forest classification, Will Koehrsen. Date of creation:-January2019.DateofAccess:-29 09 2021[14:07:52]
[4]https://www.geeksforgeeks.org/tag/python-library/ is used for python libraries and concepts, Sandeep Jain. Date of creation:-2008.DateofAccess:-29 09 2021[10:12:32].
[5]https://youtu.be/uufDGjTuq34forlearningaboutwebscraping.,HarisKhanVideo:52:25mins[YouTube]channel:Codewith Harry . Date of Creation:-10 12-2019. Date of Access:- 30 09 2021[16:25:32].
[6]https://www.binance.com/. for gainingknowledgeaboutbitcoins.Binance.DateofCreation:-12Jul2021.DateofAccess:25 09-2021[15:01:30].
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