Popular Cryptocurrency in India

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crypotocurrency in india

Bitcoin

Bitcoin is the most popular cryptocurrency exchanges in India and around the world. It is one of the first digital currencies to use peer-to-peer (P2P) technology to facilitate instant payments. It is a user as well as a tech-friendly digital currency and thus public can access it easily. It was invented by Satoshi Nakamoto in 2009. Nobody owns or controls Bitcoin. It encompasses exciting uses with its different features that could not be covered by previously designed payment systems. Bitcoin transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The number of Bitcoins which can ever be mined is 21 million. Bitcoin cryptocurrency India is available at Flitpay.

Ethereum

Ethereum, also known as programmable money, is a type of decentralized programmable block-chain based software platform for such applications which run exactly as programmed without any third-party interference. The code on the Ethereum blockchain cannot be altered or hacked which is ensured by cryptography. Vitalik Buterian, a Russian programmer created Ethereum in 2013. It is an effort to code, run and execute smart contracts and distributed autonomous applications without downtime or any third party. Ethereum is not mined, it is Ether. Ethereum is the network and Ether is the cryptocurrency, which is limited to 18 million per year. One can buy Ethereum India through the crypto exchange.

Litecoin

Litecoin is a decentralized open-source global payment network. It is a peer to peer Internet currency and is one of the most popular cryptocurrencies available at various cryptocurrency wallet India. It has fast transaction confirmation time equivalent to 2.5 minutes with great storage efficiency. It enables instant and near zero cost payments in the world. Litecoin is created through the process of mining and its transactions are recorded on a public ledger. Charlie Lee, an open source client on GitHub, released Litecoin in 2011. The total number of Litecoins that will come into existence is 84 million.

Ripple

Ripple has no public ledger. It is built upon a distributed open source internet protocol. It uses an iterative consensus process which results in fast transaction time (a few seconds) using much less computing power. It was released in 2012. The company plans to ultimately create 100 billion ripples. Half of which are planned to be released for circulation, while the other half is planned to be retained by the company. It enables near free cost payments in the world. It does not collect transaction fees. It only takes a small portion of a ripple from each transaction so as to safeguard the system from millions of transactions at once by an individual. One can buy cryptocurrency India, Ripple through coin switch.

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