cryptocurrency trading platforms in india
Technology has changed the way people work, communicate, shop, and even pay for goods. Companies and consumers don't always prefer cash anymore, and this behavior is giving way to contactless payments like Phonepe, Google pay, Paytm&, etc. With the quick wave of a smartphone, consumers can pay for items at digital registers. Now, a new payment system is emerging: cryptocurrency.
Cryptocurrency is
a digital payment system that doesn't rely on banks to verify
transactions. It's a peer-to-peer system that can enable anyone anywhere
to send cryptocurrency trading in India and receive payments Instead of being physical money that is carried
around and exchanged in the real world, cryptocurrency payments exist purely as
digital entries to an online database that describe specific transactions. When
you transfer cryptocurrency funds, the transactions are recorded in a public
ledger. You store your cryptocurrency in a digital wallet.
Cryptocurrency
got its name because it uses encryption to verify transactions. This means
advanced coding is involved in storing and transmitting cryptocurrency data
between wallets and to public ledgers. The aim of encryption is to provide
security and safety.
Cryptocurrencies
are usually built using blockchain technology. Blockchain describes the way
transactions are recorded into "blocks" and time-stamped. It's a
fairly complex, technical process, but the result is a digital ledger of
best crypto trading in India transactions that's hard for hackers to tamper with.
Most popular
cryptocurrency other than Bitcoin are:-
·
Ethereum (ETH)
·
Ripple (XRP)
·
Litecoin (LTC)
·
Tether (USDT)
·
Bitcoin Cash (BCH)
·
Libra (LIBRA)
·
Monero (XMR)
·
EOS (EOS)
· Binance Coin
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