Rakesh Garhwal

Cryptocurrency  In simplistic terms, Cryptocurrency is a digitised asset spread through multiple  computers in a shared network. The decentralised nature of this network shields them  from any control from government regulatory bodies.  The term “cryptocurrency in itself is derived from the encryption techniques used to  secure the network.  As per computer experts, any system that falls under the category of cryptocurrency  must meet the following requirements. Blockchain Technology  Blockchain is an innovative distributed ledger technology that was first introduced in the  design and development of cryptocurrency, Bitcoin in 2009 by Satoshi Nakamoto.  This technology eliminates the requirement of a central entity / third party to validate  the transactions over the peer-to-peer network  Blockchain uses a unique data structure where verification data related to the  transactional records is cryptographically secured against tampering and stored ...

Cryptocurrency is digital currency that allows transaction to remain anonymous while confirming the transaction is valid. It is type of peer-to-peer transaction in which blockchain technology is used. These are becoming common like Bitcoin, litecoin are frequently used at international market.  Facebook also launched its own cryptocurrency Libra. In Modern era importance of digital currency is increasing day by day because of various reasons. The most important one is-  Its easy access and global recognition. It promote decentralized system of currency which can be accessed globally. In addition to this, it is digital currency so it's market remains same worldwide. It facilitates quick transaction which hardly take few minutes and personal details are not disclosed or shared that's why it can be an important tool for E-Commerce. Countries like Japan legalized Bitcoin as a currency and India is also attempting to introduce its own cryptocurrency called Lakshmi. Besi...