TOP 10 CRYPTOCURRENCY’S OF INDIA:-

TOP 10 CRYPTOCURRENCY’S OF INDIA is digital money that doesn’t require a bank or financial institution to verify transactions and can be used for purchases or as an investment.

Transactions are then verified and recorded on a blockchain, an unchangeable ledger that tracks and records assets and trades.

There are many company’s that are working underneath ,therefore they are as follows:-

1).BITCOIN:-

Bitcoin is designed to act as money and a form of payment outside the control of anyone person ,group , or entity. This  removes the needed trust of third party involvement . (e.g. mint or bank) in financial transactions.

It was introduced in 2009 in front of people with an anonymous developer or the group of developers  by using name of “Satoshi Nakamoto”.

2). BINANACE COIN:-

Binanace  coin is a cryptocurrency that is used to trade and pay fees of binanace coin exchange. It is the largest cryptocurrency exchange in the world of January 2018. Facilitating  more than 1.4 million transactions per second.

Cryptocurrency is digital money that doesn’t require a bank or financial institution to verify transactions and can be used for purchases or as an investment. Transactions are then verified and recorded on a blockchain, an unchangeable ledger that tracks and records assets and trades.

4).SOLANA:-

Solana is an open infrastructure for building scalable crypto apps. The architecture is censorship resistant, fast, and secure, and designed to facilitate global adoption.

To keep time on the blockchain, Solana employs an innovative process known as Proof of History .

In August 2021 came one of Solana’s big breaks and more than a year later Solana launched when Degenerate Ape Academy became the first crucial NFT project on the Solana NFT marketplace.

During the first three weeks of that month, Solana’s price jumped from around INR 2,496 to INR 6,241 in value.

5).CHAINLINK:-

Chain link services are powered by decentralized oracle networks with a long track record of high availability, reliability, and data accuracy.

Its co connects existing systems to any public or private blockchain and enables secure cross chain communication.

this  provides developers across all major blockchains with extensive documentation, hands-on tutorials, and in-depth workshops.

6). USD COIN:-

(USDC) is a digital stable coin adjusted in united states dollar. USD is issued by a private entity and should not be confused with a central bank digital currency(CBDC). It is backed by dollar denominated assets held in segregated accounts with us regulated financial institutes .

It was launched in September 2018 with the aim of mirror value of us dollars.

7). POLKA DOT:-

Polka dot  is a network protocol that connects blockchains. Allowing  value and data across  previously incompatible networks.

It is challenged and directed by those who have  the DOT token already with them. It is used to exchanged messages and transactions with each other without a trusted third party.

. The network went through several networks of the apps.

8). LITECOIN:-

It was a cryptocurrency that enables instant payments to anyone in the world and that can be efficiently mined with customer grade hardware . It was introduced in October 2011.In technical details it is more over likely to be as ‘BITCOIN’ codebase.

9). AVALANCHE:–

It is decentralised , open source proof of stake blockchain with smart contract functionality. It  performs contracts that happens to make the transactions to be done within one second of time. This blockchain allows the developers to create third party applications and deploy them. It was introduced in may 2018.

10). UNISWAP:-

It is decentralised protocol that acts as an automated market maker for peer to peer cryptocurrency transactions . It allows the users to provide liquidity and swap cryptocurrencies . it is basically used for protocol cryptocurrency .

SOME ADVANTAGES AND DISADVANTAGES OF CRYTOCURRENCY ARE AS FOLLOWS:-

ADVANTAGES:

1). Inflation protection

2). Transactional speed

3). Decentralization

4). Diversity

5). accessibility

DISADVANTAGES:-

1).It claims to be anonymous transactions.

2).On a blockchain, there is 51% of risk.

3).Price violating.

4).High energy consumption for mining activities.

5).Use of criminal activities.

FAQ’S:-

Q1.What is cryptocurrency?

Ans-it is digital currency , such as bitcoin , that is used as an alternative payment method which is secured by cryptography.

Q2. What is the best cryptocurrency?

Ans- best cryptocurrency to buy now is Bitcoin (BTC) market cap: $1,3 trillion.

Q3. Is cryptocurrency a good investment?

Ans- yes, it can be a good investment. But it depends on several variables ,  as it has a very high risk.

Q4.How to people invest in cryptocurrency?

Ans-there are two ways of investing :-

1). Any investor can purchase the from any  popular crypto exchanges eg. coin base.

2).another popular way to invest in cryptocurrencies is through financial derivatives

,such as  CME’S bitcoin ,or through other instruments , such as bitcoin trusts and bitcoin EFT’S.

Q.5 Is crypto more safe than banks?

Ans- while regulated bank offers stability and security and on the other hand cryptocurrencies offer decentralised  transactions and potential for financial transactions.

Conclusion.