10 Important Cryptocurrencies Other Than Bitcoin
More recently, we’ve been studying other uses of distributed ledger technology. Global regulations around cryptocurrency are yet to be fine-tuned around blockchain tech and central banks digital currencies. One of the most prominent efforts to build a global stablecoin was from Meta’s Diem Association and Libra project. Can Bitcoin Kill Central Banks? Online wallets with robust security are also necessary to store digital currencies. Most countries, including India, are now taking a look at the legality and acceptance of cryptocurrencies. Since these aren’t backed by any governing body, most traditional frameworks don’t assign any value to them. Looking to respond to a fast-changing environment, national central banks started working on digitised versions of their respective currencies. There are many advantages of ‘digital only’ currencies as they have proven to be more fit to the digital age. Some of the old rules on crossboundary money transfers have recently changed as e-com