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$BTC once upon a time in history the value of BTC is 1$ 

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#FTXrepayment Bitcoin works through the collaboration of computers, each of which acts as a node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of transactions, called a blockchain, without central oversight. Transactions are validated through the use of cryptography, making it practically impossible for one person to spend another person's bitcoin, as long as the owner of the bitcoin keeps certain sensitive data secret.[7]: ch. 5 Consensus between nodes about the content of the blockchain is achieved using a computationally intensive process based on proof of work, called mining, which is typically performed by purpose-built computers called miners. These miners don't directly act as nodes, but do communicate with nodes. The mining process is primarily intended to prevent double-spending and get all nodes to agree on the content of the blockchain, but it also has desirable side-effects such as making it infeasible for adversaries to stifle valid transactions or alter the historical record of transactions, since doing so generally requires the adversary to have access to more mining power than the rest of the network combined.[7]: ch. 12 It is also used to regulate the rate at which new bitcoin is issued and enters circulation. Mining consumes large quantities of electricity and has been criticized for its environmental impact.[10] #BTCNextATH $BNB

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#FTXrepayment Bitcoin works through the collaboration of computers, each of which acts as a node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of transactions, called a blockchain, without central oversight. Transactions are validated through the use of cryptography, making it practically impossible for one person to spend another person's bitcoin, as long as the owner of the bitcoin keeps certain sensitive data secret.[7]: ch. 5 Consensus between nodes about the content of the blockchain is achieved using a computationally intensive process based on proof of work, called mining, which is typically performed by purpose-built computers called miners. These miners don't directly act as nodes, but do communicate with nodes. The mining process is primarily intended to prevent double-spending and get all nodes to agree on the content of the blockchain, but it also has desirable side-effects such as making it infeasible for adversaries to stifle valid transactions or alter the historical record of transactions, since doing so generally requires the adversary to have access to more mining power than the rest of the network combined.[7]: ch. 12 It is also used to regulate the rate at which new bitcoin is issued and enters circulation. Mining consumes large quantities of electricity and has been criticized for its environmental impact.[10] $BTC

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$BTC Bitcoin works through the collaboration of computers, each of which acts as a node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of transactions, called a blockchain, without central oversight. Transactions are validated through the use of cryptography, making it practically impossible for one person to spend another person's bitcoin, as long as the owner of the bitcoin keeps certain sensitive data secret.[7]: ch. 5 Consensus between nodes about the content of the blockchain is achieved using a computationally intensive process based on proof of work, called mining, which is typically performed by purpose-built computers called miners. These miners don't directly act as nodes, but do communicate with nodes. The mining process is primarily intended to prevent double-spending and get all nodes to agree on the content of the blockchain, but it also has desirable side-effects such as making it infeasible for adversaries to stifle valid transactions or alter the historical record of transactions, since doing so generally requires the adversary to have access to more mining power than the rest of the network combined.[7]: ch. 12 It is also used to regulate the rate at which new bitcoin is issued and enters circulation. Mining consumes large quantities of electricity and has been criticized for its environmental impact.[10] #BTCNextATH

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currency secured by cryptography. It is designed to work as a medium of exchange, where individual ownership records are stored in a computerised database. The defining trait of cryptocurrencies is that they are not issued by the government agency of any country making them immune to any interference and manipulation from them. Latest Developments regarding Cryptocurrency in India – In an effort to tighten the oversight on digital assets, the government, in March 2023, imposed money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. Read more on this development here. The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 is likely to be introduced in the winter session of the Parliament. It is a bill that would regulate Cryptocurrency in India. On December 7 2021, Finance minister Nirmala Sitharaman asserted that the proposed Central Bank Digital Currency will not boost cryptocurrency in India. This article will further discuss the details of cryptocurrency within the context of the Civil Services Examination. Kickstart your UPSC preparation now and complement it with the links given below: UPSC Previous Year Question Papers Topic-wise IAS Prelims Questions and Solutions Science & Technology Questions in UPSC Mains UPSC MCQ On Science & Technology – IAS Prelims Economic Mains Questions for UPSC UPSC MCQ On Economy – IAS Pr Definition of Cryptocurrency In simplistic terms, Cryptocurrency is a digitised asset spread through multiple computers in a shared network. The decentralised nature of this network shields them from any control from government regulatory bodies. The term “cryptocurrency in itself is derived from the encryption techniques used to secure the network. As per computer experts, any system that falls under the category of cryptocurrency #BTCNextATH #BinanceAlphaAlert #MileiMemeCoinControversy $BTC $BNB

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#FTXrepayment currency secured by cryptography. It is designed to work as a medium of exchange, where individual ownership records are stored in a computerised database. The defining trait of cryptocurrencies is that they are not issued by the government agency of any country making them immune to any interference and manipulation from them. Latest Developments regarding Cryptocurrency in India – In an effort to tighten the oversight on digital assets, the government, in March 2023, imposed money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. Read more on this development here. The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 is likely to be introduced in the winter session of the Parliament. It is a bill that would regulate Cryptocurrency in India. On December 7 2021, Finance minister Nirmala Sitharaman asserted that the proposed Central Bank Digital Currency will not boost cryptocurrency in India. This article will further discuss the details of cryptocurrency within the context of the Civil Services Examination. Kickstart your UPSC preparation now and complement it with the links given below: UPSC Previous Year Question Papers Topic-wise IAS Prelims Questions and Solutions Science & Technology Questions in UPSC Mains UPSC MCQ On Science & Technology – IAS Prelims Economic Mains Questions for UPSC UPSC MCQ On Economy – IAS Prelims Definition of Cryptocurrency In simplistic terms, Cryptocurrency is a digitised asset spread through multiple computers in a shared network. The decentralised nature of this network shields them from any control from government regulatory bodies. The term “cryptocurrency in itself is derived from the encryption techniques used to secure the network. As per computer experts, any system that falls under the category of Cryptocurrency $BTC $ETH

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