Cryptocurrencies And The Future Of Money
Can you imagine a thing- the value of which was zero around ten years back and today, its value has touched almost 45 lakhs! I'm talking about Bitcoin. What actually bitcoin is? Merely 12 years ago, on 31st October 2008, a person named Satoshi Nakamoto published a paper on the Internet Satoshi's main motive was clearly evident from the first line of the paper A version of electronic cash that would allow payments to be sent directly from one party to another party without going through a financial institution Cryptocurrency is a digital asset over which central banks or financial institutions have no control or regulation, For instance, the US dollar is controlled by the central bank of US. The Indian Rupee is controlled by the RBI But there is no central bank or any main financial institution that controls the bitcoins/cryptocurrencies Back then, cryptocurrency was merely an idea in the mind of that person. But now, there is trading worth lakhs and crores on its crypt...