Buyer's protection in bitcoin

Abstract

Bitcoin is the most sophisticated ans successful crypto-currency so far. It is a digital currency based on a peer-to-peer distributed system. Bitcoin is in vogue and has changed the face of financial markets. Despite its success there are some privacy and security concerns, which can be worked upon. We propose to introduce a buyer's protection in the existing bitcoin system. Buyer's protection will help us in conflict resolution and thus increasing the reliability of the system. Incorporating this concept does not affect the distributed features currently existing in bitcoin.