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ARTICLE · 27 APRIL 2022

Is It Possible To Patent A Cryptocurrency?

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A cryptocurrency is a digital or virtual currency that is secured by cryptography and is based on blockchain technology that uses a network of computers to keep a public ledger of past transactions.

IndiaIntellectual Property
Shilpi Kumari
Shilpi Kumari
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A cryptocurrency is a digital or virtual currency that is secured by cryptography and is based on blockchain technology that uses a network of computers to keep a public ledger of past transactions. There are many different cryptocurrency brands, and many new ones are continuously being created. Bitcoin, Ethereum and Stellar are popular cryptocurrency brands.

WHAT IS BLOCKCHAIN TECHNOLOGY?

A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participants' ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).

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