Cryptocurrency
Cryptocurrency is a form of payment that can be exchanged online for goods and services. It works on Blockchain technology, which is a decentralized technology spread across many computers that manages and records transactions with the help of cryptography. Bitcoin, Ethereum and Dogecoin are some of the examples of cryptocurrency while WazirX is the largest cryptocurrency exchange in India. The main purpose of the cryptocurrency is to fix the problems of traditional currencies by putting the power and responsibility in the currency holder’s hand. In India, it is currently booming, the market has been thriving and retail investors are adding fire with their zeal. As we know we are transforming into Digital India and cryptocurrency will definitely play a significant role in it, RBI is looking forward to develop its own digital currency and is working on it both technology side and procedural side as mentioned by governor Dr. Shaktikanta Das. With the advantages suc...