Cryptocurrency and blockchain technology upsc
WebFeb 4, 2024 · A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database. It uses strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. WebJan 30, 2024 · Topics Covered: Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Cryptocurrency and Regulation of …
Cryptocurrency and blockchain technology upsc
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WebApr 12, 2024 · Blockchain technology goes beyond the purchase, sale, and transfer of cryptocurrency. Blockchain technology originated with Bitcoin and the underlying technology for cryptocurrencies. WebCryptocurrency Around the World It is a virtual or digital currency that is created, stored, and transacted using blockchain technology. The word ‘Cryptocurrency’ is derived from an encryption technique known as cryptography. It is used …
WebWhat do you think is the most promising application or use case for cryptocurrency or blockchain technology in the next 5-10 years, and why? ... If politicians were in any way as progressive as they SHOULD be, there'd be efforts to use blockchain to secure and protect voting. But, nah, we got a whole lot of elected officials where that would be ... Webinformation discussed below as questions based on cryptocurrency, bitcoins, and blockchain technology may be asked in upcoming UPSC prelims. Blockchain …
WebNov 30, 2024 · The Cryptocurrency and Regulation of Official Digital Currency Bill, 2024 is listed for introduction in Parliament’s Winter Session seeks to prohibit all “private cryptocurrencies” in India. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses. WebSep 17, 2024 · A blockchain is a type of database. Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital …
WebJan 23, 2024 · A Cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques. A cryptocurrency is a medium of exchange, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds. Cryptocurrency made the leap from being an academic …
WebFeb 17, 2024 · A decentralized system is based on blockchain technology where a digitally distributed public ledger exists across a network. ... Cryptocurrency UPSC. Cryptocurrency is an important topic in the syllabus of Current affairs. Cryptocurrency is an important topic from the perspective of the UPSC Prelims and UPSC Mains exams. canning teamWebFeb 21, 2024 · With reference to “Blockchain Technology”, consider the following statements: 1. It is a public ledger that everyone can inspect, but which no single user … fixture shippingWebDec 14, 2024 · Blockchain is a history of transactions that exists on a network. Cryptocurrency is a decentralized technology that helps users own money and make … canning tenderloinWebApr 11, 2024 · UPSC. Civil Service Examination. Online Class. സിവിൽ സർവീസ് ഫൗണ്ടേഷൻ കോഴ്സ്. പ്രിലിംസ്. മെയിൻസ്. ... Blockchain Technology and Cryptocurrency. Date : 25th January 2024 - 27th January 2024. FROM ONMANORAMA. OUR SITES. ONMANORAMA; LOCAL NEWS; GLOBAL MALAYALI ... canning technologyWebApr 11, 2024 · Blockchain technology is a decentralized digital ledger that is used to store and track data in a secure and transparent way. It is best known as the technology behind cryptocurrencies, such as ... canning teaWebBlockchain Technology & Cryptocurrency – In a Nutshell. Blockchain technology, also known as the decentralised, distributed ledger technology, has gained popularity in India in the last 2 years. According … fixture shadesWebApr 11, 2024 · Blockchain project for Web3.0 . In News: The Union government has undertaken a research project in the Blockchain technology system aimed at evolving the blockchain technology stack for end-to-end blockchain application development. About the Blockchain Project: The project titled 'Design and Development of a Unified … fixture share