Crypto currency in India: The past, present and the uncertain future
By Dr.R.Prabusankar A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A blockchain is a chain of blocks that contain information. Digital assets are distributed instead of copied or transferred. The asset is decentralized, allowing full real-time access. A transparent ledger of changes preserves the integrity of the document, which creates trust in the asset. A centralised Cryptocurrency relies on a third-party cryptocurrency exchange — a platform where you can buy or sell digital assets. With a decentralised cryptocurrency such as bitcoin, the exchange is built into the system. These cryptocurrencies run on distributed-ledger technology, meaning that multiple devices all over the wo...