Crypto-Currencies in India

Syllabus: General studies paper 3(IT & computer) Context: Recently, Vitalik buterin, the founder of ethereum donated cryptocurrency worth $1 bn for covid19 relief in india. Introduction: Bitcoin, the first cryptocurrency, was created in 2008 by satoshi nakamoto and with the growth of the internet; many more crypto currencies have been introduced in the world such as ethereum , doge coin etc. It has spread overwhelmingly across the world. As of today market share has touched $2.5 tn in may, 2020. Technology used in cryptocurrency: Blockchain: The blockchain is a network where people share their extra space and computational powers in....Read More