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ARTICLE · 30 APRIL 2018

The Bitcoin Bandwagon: Hiatus - Recent Union Budget 2018 Proposals'

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Any discussion on bitcoins irresistibly brings thoughts on the value and pricing rather than the theory and relevance of bitcoins. Purportedly, developed by Craig White.

IndiaTechnology
Phoenix Legal
Phoenix Legal
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Any discussion on bitcoins irresistibly brings thoughts on the value and pricing rather than the theory and relevance of bitcoins. Purportedly, developed by Craig White1. 'Bitcoin' is being regarded as an "alternate currency" which has caught the imagination of every virtual world freak fantasizing the possibility of minting money in no time.

Since 2008, bitcoin adoption has been influenced by a disparate range of factors that have made it one of the most volatile currencies in the world. The year 2017 will also be remembered as the year of bitcoin surging by almost 900% in its trade value2.

What is Cryptocurrency?

The creation of cryptocurrency can be attributed to a set of programs and protocols, and in plain vanilla terminology, it can be regarded as a digital asset that has been created to function as a medium of exchange, like cash. It uses cryptography to ensure the security of transactions, authentication and prevention of duplicate transactions and to

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