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Sunday, November 28, 2021

Cryptocurrency | Blockchain Technology

Cryptocurrency | Blockchain Technology





On which is a technology does Cryptocurrency work, why is it a passing, know a further about it then

Blockchain technology news: There is a lot of a news coming about a Cryptocurrency. Numerous controllers are a including RBI are talking about a banning it, while on the other hand, they are also praising the technology related to the cryptocurrency i.e. Blockchain.


There is a lot of a news coming about a Cryptocurrency. Numerous controllers including RBI are a talking about banning it, while on the other hand, they are also praising the technology related to the cryptocurrency i.e. Blockchain. After t\a all, what is so special about this technology, that there is talk of a encouraging its use. Let us a tell you that there is neither a any restriction nor a any regulation system regarding the use of a cryptocurrency in a India.



What is Blockchain technology

According to the experts, documents can be secured digitally by a blockchain technology. Moreover, it can not be tampered with or a modified in a any way by a any other person. According to the  CA Manish Kumar Gupta, blockchain is such as a technology that along with the bcreating the digital currency, anything can be a made digital and its a record can be a kept. It is a kind of a digital ray.



What is Bitcoin, Ether Cryptocurrency

Bitcoin, Ether is a private cryptocurrency, which is not controlled by  the any controller. Moreover, these currencies can be a called digital mediums. A medium through which buying and a selling can take place. According to the Manish Gupta, it is not correct to the  name its a currency as it does not have been  a any endless value.



Advantage of  a Blockchain Technology

RBI believes that Blockchain technology can be a used to the make the banking sector network more than secure. By using blockchain technology, pitfalls like a garçon hacking, identity theft can be a avoided. This technology can be also are a help with pall storehouse. Digitization of a government lines is  a also are  being done in a India using this technology.


Paytm supported

Meanwhile, Paytm’s author Vijay Shekhar Sharma has been  spoken about maintaining the cryptocurrency despite its a expostulations. According to him, this virtual currency is a going to the remain. While addressing an a online event of the assiduity body Indian Chamber of a Commerce (ICC), Sharma said that cryptocurrencies are a currency grounded on a cryptography, a study of a secure communication technologies.



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