What is crypto currency? How it works? What are the dangers associated with crypto currencies? What is India’s stand on crypto currencies?
Answer: Crypto currency is generic name for a virtual currency. A single unit of crypto currencies is actually a complex computerized code that cannot be duplicated.
The most popular crypto currency is Bitcoin. It is one of the 4,000 crypto currencies available in world today. Like every crypto currency, every Bitcoin transaction is recorded in a public list called block chain. Block chain is a sophisticated record maintaining system run by several user in a decentralized way.
The dangers associated with crypto currencies are manifold:
- Crypto currencies do not maintain record, nobody knows who the seller or who the ....
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