A cryptocurrency is a digital asset devised to work as a medium of exchange in the internet world. It uses cryptographical functions to carry financial transactions. Cryptocurrencies leverage blockchain technology to attain decentralization, transparency and immutability.

In April 2018, RBI imposed a ban on cryptocurrency in India. The Ban was lifted by the Supreme Court of India on 4th March 2020.

Bitcoin, a leading cryptocurrency in terms of Market Cap was invented in the year 2008 by an unknown person that goes by the name Satoshi Nakamoto. The unit of Bitcoin is called Satoshi. Just as there are 100 Paise in one Rupee, the same way there are 100000000 Satoshi in 1 Bitcoin (BTC).

Both Ethereum and Ripple are Altcoins. Altcoins are cryptocurrencies other than Bitcoin. They came into existence after the success of Bitcoin and they sell themselves as better alternatives to Bitcoin.

The world’s economy is rapidly moving towards a digital eco-system and everything is going paperless. Over the last few years, the digital currency has been swiftly winning the public eye. Some reasons behind this are:

• Fraud-proof: All transactions are stored in a public ledger. The identities of coin owners are encrypted to ensure the legitimacy of record keeping. Because cryptocurrency is decentralized, you completely own it. Neither government nor bank has any control over the same.
• Identity Theft: All transactions are verified to make sure that the coins used are owned by the current spender. This public ledger is also referred to as a transaction blockchain which ensures secure digital transactions through encryption and smart contracts that make the entity virtually unhackable and void of fraud.
• You are the owner: There is no other electronic payment system in which your account is owned by you
• Instant Settlement: Blockchain is the reason why cryptocurrency holds such value. Cryptocurrency is in high demand because it is easy to use. All you need is a smart device an internet connection and instantly you become your own bank making payments and money transfers.
• Accessible: There are over two billion people with access to the Internet but unfortunately they don’t have the right to use to traditional exchange systems. These individuals are clued-in for the cryptocurrency market.

Cryptocurrencies hold the promise of making it easier to transfer funds directly between two parties, without the need for a trusted third party like a bank or credit card company. It is a new and upcoming asset class that is still very young and price discovery is being done. Cryptocurrency, though being a high-risk asset class has the potential to give exponential returns to Investors. We see Cryptocurrencies as the future of money with Bitcoin leading the charge.

1. The basic working of Cryptocurrencies.
2. How to Store them.
3. Where to buy them.
4. How to trade them.
5. After doing this program one will feel confident to trade in crypto markets and earn consistent profits.