{"id":8012,"date":"2022-11-21T10:33:09","date_gmt":"2022-11-21T05:03:09","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=8012"},"modified":"2025-03-29T00:20:23","modified_gmt":"2025-03-28T18:50:23","slug":"crypto-currency","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/crypto-currency\/","title":{"rendered":"Crypto Currency"},"content":{"rendered":"<h2><strong>About Crypto Currency:<\/strong><\/h2>\n<ul>\n<li>After the U.S. and Turkey, India has the third highest number of registered downloads of crypto exchange apps.<\/li>\n<li>As of June 2022, there were over 30 million crypto exchange app downloads in India.<\/li>\n<li>But in terms of downloads per capita, India features among the countries with the lowest number of downloads.<\/li>\n<li>This is because of its vast population and crypto awareness being mostly limited to urban pockets.<\/li>\n<li>Countries such as the U.S., Canada, Australia and the U.K. rank much higher in terms of per capita downloads.<\/li>\n<li>India also features among those countries with the lowest average monthly app usage per 1 lakh people.<\/li>\n<li>According to the study 73%-81% of the users would have lost money. A median investor would have lost $431, corresponding to 48% of the total $900 invested.<\/li>\n<\/ul>\n<h3><strong>Cryptocurrency:<\/strong><\/h3>\n<ul>\n<li>Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds.<\/li>\n<li>These currencies operate independently of a central bank.<\/li>\n<li>The economic transactions underlying cryptocurrency are decentralized, distributed and disbursed.<\/li>\n<li>The first and most famous cryptocurrency, bitcoin was introduced in 2009.<\/li>\n<\/ul>\n<h3><strong>Technology:<\/strong><\/h3>\n<ul>\n<li>Most cryptocurrencies of the world are built on blockchain technology.<\/li>\n<li>Blockchain is a\u00a0decentralized and distributed database on a peer-peer network which works on the basis of a consensus mechanism\u00a0involving every node (computer) on the network.<\/li>\n<li>Blockchain is a peer-to-peer distributed network that records a public history of transactions without actually recording identities of the parties or the transaction details.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency is a digital currency, which is created using encryption algorithms.<\/p>\n","protected":false},"author":5,"featured_media":8013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-8012","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=8012"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/8013"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=8012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=8012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=8012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}