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Cryptocurrency |
It is a digital or virtual currency that
is secured by cryptography |
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cryptocurrency |
It is a type of currency which uses digital
files as money. Usually, the files are created using the same ways as
cryptography (the science of hiding information). |
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Other Names |
Crypto currency / crypto currency
/ crypto |
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Who issues cryptocurrencies |
Companies, will issue their own currencies (tokens) and they can be traded
specifically for goods / services. |
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Crypto currency Disadvantage? |
scaling the number of digital coins and
adoption is increasing rapidly. |
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How security is provded to
cryptocurrency |
Using blockchain technology backing
cryptocurrency |
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Is cryptocurrency illegal in India? |
No laws that prohibit (or allow) trading in crypto in India. |