Amid Bitcoin mania, Business Standard explains everything that you need to know about cryptocurrencies, Bitcoin mining, cryptocurrency exchanges, how cryptocurrencies came into being, the blockchain technology, among other things:
What is a crpytocurrency?
Cryptocurrencies like Bitcoin, essentially, are digital currencies. But, they are like gold in more ways than one. Like gold, cryptocurrencies have to be mined. They do not have a central issuing authority, so they are deregulated currencies. Simply put, there is no central bank that decides when and how many more cryptocurrencies should be produced.
How did cryptocurrencies originate?
Cryptocurrencies came into existence somewhere around
What is a crpytocurrency?
Cryptocurrencies like Bitcoin, essentially, are digital currencies. But, they are like gold in more ways than one. Like gold, cryptocurrencies have to be mined. They do not have a central issuing authority, so they are deregulated currencies. Simply put, there is no central bank that decides when and how many more cryptocurrencies should be produced.
How did cryptocurrencies originate?
Cryptocurrencies came into existence somewhere around