The definition of a cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake. The most important feature of a cryptocurrency is that it is not controlled by any central authority
decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions. However, the latest news on cryptocurrencies indicates that because cryptocurrencies are devoid of a central repository, a digital cryptocurrency balance can be wiped out by a computer crash, a hack, and other unexpected events
It is sad that Indian Government is not making such awesome currency Legal in India. Btw nice post, thanks for adding some jewels in my knowledge.
Right sir .. but the government of india is extending the date again and again... We hope for the best
Congratulations @wahid7860! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Nice info about btc
Thanku
Thanku everyone for upvoting me