HAVE A LOOK INTO THE PART -1
(https://tecqusition.wixsite.com/home/post/cryptocurrency-part-1) , TO GET A CLEAR VIEW. LET'S CONTINUE WITH PART - 2
Crypto Craze in India
Indians have invested around $ 6.6 billion in cryptocurrencies till May 2021, according to an Analytics Insight report. This saw a over 600 per cent jump from $923 million in April 2020. Nearly 1.5 crore Indians are said to have invested in cryptocurrencies. At present, over 350 startups operate in the blockchain and cryptocurrency space. Considering the huge interest from the investors and rapidly grown cryptocurrency market, the government is taking a cautious approach towards cryptocurrencies.
“We are happy to see that the government is pushing for crypto legislation. However, we don’t know the final elements of the bill and what it entails for the crypto community and companies in India. Emerging technologies like Blockchain and cryptocurrency, AI and ML hold the key for future economic development. With our large tech-savvy populace, we are ideally positioned to embrace, develop and pioneer the tech space," said Nischal Shetty, chief executive officer, WazirX.
Learning Cryptocurrency:
Cryptocurrencies and their underlying blockchain technology will become mainstream or already have. Almost every sector of the economy will build and use blockchain to create secure, fast, distributed, and decentralized ledgers.
Though cryptocurrencies have been volatile for the last few years, it is a good time to get educated about blockchain and cryptocurrencies.
Beginner Courses – Each online cryptocurrency course for beginners will gain you an understanding of important core concepts of digital money based on blockchain technology and discusses applications in different sectors of the economy.
Advanced Courses – Some cryptocurrency courses will advance and expand that knowledge and teach you the technical details to create and mine cryptocurrencies or trade and invest in them on different platforms using technical analysis.
Cryptocurrency FAQs
What Is Cryptocurrency in Simple Words?
Cryptocurrencies are systems that allow for secure payments online which are denominated in terms of virtual "tokens."
How Do You Get Cryptocurrency?
Any investor can purchase cryptocurrency through crypto exchanges like Coinbase, Cash app, and more.
What Is the Point of Cryptocurrency?
Cryptocurrency Many experts see blockchain technology as having serious potential for uses like online voting and crowdfunding, and major financial institutions such as JPMorgan Chase (JPM) see the potential to lower transaction costs by streamlining payment processing.
How Does Cryptocurrency Make Money?
Cryptocurrencies allow for secure payments online which are denominated in terms of virtual "tokens," which are represented by ledger entries internal to the system. Investors can make money with cryptocurrency by mining Bitcoin, or simply selling their Bitcoin at a profit.
What Are the Most Popular Cryptocurrencies?
Bitcoin is by far the most popular cryptocurrency, followed by other cryptocurrencies such as Etherum, Litecoin, and Cardano.
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DISCLAIMER
The information is provided by Tecquisition for general informational and educational purposes only and is not a substitute for professional legal advice. If you have any feedback, comments, requests for technical support or other inquiries, please mail us by tecqusition@gmail.com.
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