Day: March 4, 2025

Economics

Cryptocurrency : Decoding the New Form Of Digital Wealth. UPSC

March 4, 2025
Money

Cryptocurrency is a new form of digital money without any official relation to any sovereign country or currency area’s legal tender. It is a peer-to-peer version of electronic cash. Bitcoin, created by Satoshi Nakamoto, is considered the first cryptocurrency. However, there was a pioneer in the field of cryptocurrency, the eCash system by DigiCash Inc. However, based on the general conditions of crypto money, Bitcoin is considered the first one.