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Vishnu Basnet

Vishnu Basnet

Asked on 23 April, 2018

What is cryptocurrency?

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A cryptocurrency is a digital currency that is created and stored electronically on a blockchain. It has no physical form and only exists electronically. Its supply is not determined by any central authority and the network is completely decentralized.

Sumedh Chaudhry

Sumedh Chaudhry

Asked on 23 April, 2018

What are different types of cryptocurrencies other than bitcoin?

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Other than bitcoin other currencies are as follows- Litecoin, Ethereum (ETH), Zcash (ZEC), Dash, Ripple (XRP), Monero (XMR), Namecoin, etc.

Rahul Bansal

Rahul Bansal

Asked on 23 April, 2018

What all can we do with cryptocurrencies.?

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You can buy goods both online and offline using cryptocurrency. Also, there are a lot of merchants who accept cryptocurrency as a form of payment. Further, cryptocurrency can also be used for investment, cryptocurrency is considered to be a high-risk investment. You can read more about cryptocurrencies here.

Ratnakar Shukla

Ratnakar Shukla

Asked on 23 April, 2018

What is blockchain?

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A blockchain is a digital ledger or a list of records called blocks which are recorded chronologically and safely using cryptography. Blockchains are not controlled by any central authority and its networks are completely decentralized.

pratishtha kumari

pratishtha kumari

Asked on 23 April, 2018

Which countries have outlawed Bitcoin?

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Bitcoin has been outlawed only in Bangladesh, Ecuador, Bolivia, Kyrgyzstan, and Vietnam. China and Russia are also on the verge of banning cryptocurrencies.

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