Following news of the government presenting the Cryptocurrency Bill, which wants to restrict all "private cryptos" in India, with specific exceptions to encourage the underlying technology, the cryptocurrency market plunged. In the forthcoming winter session, which begins on November 29, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is expected to be tabled in Parliament.
The term “blockchain technology” typically refers to the transparent, trustless, publicly accessible ledger that allows us to securely transfer the ownership of units of value using public key encryption and proof of work methods.
Bitcoin is made up of two words, ‘Bit’ & ‘Coin’. If you cut the information inside computers into smaller pieces, you will find 1s and 0s. These are called bits. You already know about coins.
Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.