Cryptocurrency in India: Boon or Bane?

Cryptocurrency also known as crypto is the new form of online cashless currency without a centralized governing body. It is a collection of binary data which is designed to work as a medium of exchange and it is not issued by any centralized body. This form of exchange is usually stored in a publicized ledger also called a blockchain that records entries of online crypto exchanges. Bitcoin, Ethereum, Litecoin and Ripple are the most common types of cryptocurrencies. Bitcoin is the most popular form of cryptocurrency since its inception in 2009. Ethereum founded in 2015 is an online blockchain platform that makes its own coins and it is the second most popular form of cryptocurrency in the world.