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Showing posts from February, 2021

Beginner's guide on Crypto Currency for Nepalese Community

There is a lot of buzz around Bitcoin, Dogecoin, Pi, or Eritherium among us Nepalese. We all know that these are all cryptocurrencies and are not legal in Nepal . However, during our interactions, we found that we really don't know much about them. In this blog, we are trying to clear the confusion and list out the basic features that all digital currencies have to be called " Crypto Currency ". First is DIGITAL . The fact that these are not printed and are only available on a computer in its virtual firm makes it fully digital. There are no coins, no notes, and not even central banks to issue the money. The second is DECENTRALIZED . There is no server or central depository where all the data is stored. It is actually distributed across thousands of computers and uses blockchain technology. The third is PEER TO PEER . It is passed from one person to another person or from person to company or vice-versa using digital wallet platforms. There is no trusted third parties lik