What is Cryptocurrency?
Sometime this year, during the investment in different securities I come to know about Crypto-currencies and their potential. Particularly the one which is around for quite some time and famous too, bitcoin. I thought to start the series of it and discuss the potential it contains for us in the future. How currencies work? Reference: Pixabay Lets first understand what currency is and how it works. Currency is any legal tender, created by the authority, which promises to pay the holder, same amount, as tender, in form of goods commodities or service etc. For example, a bank note of 50 INR promises to pay you 50 INR worth of Apples, Pizza, Salon service etc. Reference: Pixabay Currency is a legal and worldwide accepted way to buy what money can buy. Each country has its own currency which has certain value in its boundaries and gives you power to buy. What is cryptocurrency? Reference: Pixabay Cryptocurrency works on same princi...