The cyberspace and its continuously evolving technologies have advanced rapidly over the last decade. This development has resulted in the creation of a whole new genre of currencies based on cryptography and distributed computing called cryptocurrency. Blockchain is the underlying technology for these digital currencies and is treated as a commodity in countries where they are recognised. Cryptocurrencies are decentralised and cannot be controlled by a central bank, challenging traditional financial systems.
Cryptocurrencies aim at minimising transaction charges or “taxes” associated with the transfer of funds by the removal of intermediaries who charge a fee to process transactions. These
Cryptocurrencies aim at minimising transaction charges or “taxes” associated with the transfer of funds by the removal of intermediaries who charge a fee to process transactions. These
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