Tag: Dogecoin

Understanding Cryptocurrencies
Science & Technology

Understanding Cryptocurrencies

Unlike paper currencies, cryptocurrencies are decentralized i.e there is no central authority that issues, controls or overlooks them.“Block chain” is the underlying technology and the security of cryptocurrencies are backed by computer encryption algorithms like hashing and cryptography giving them the adjective “crypto”-currency.Start-ups are keen on utilizing this as an investing tool which will provide them independence over Venture Capitals with the usual method of investments.Due to the anonymity of the transacting parties, it exposes many loopholes to players for criminal activities like illegal weapon and drug dealing, terrorist activities, tax evasions etc. Cryptocurrency, in particular Bitcoin is one among the buzzwords that is going around in India and internationally to...