CRYPTOCURRENCY TO REVOLUTIONIZE FINANCIAL SERVICE INDUSTRY
Many people have been surprised by the spike in interest in crypto-assets. India is projected to have over ten million bitcoin users, with the number rapidly rising. The task is challenging and hard for a wider audience seeking to comprehend this new world and its lingo. This article aims to shed light on a few topics that have received a lot of attention recently: blockchain, a disruptive technology on which these assets are built; the role and adoption of crypto assets for payments; and, finally, the emergence of crypto-assets as a distinct asset class. Blockchain: A Disruptive Technology Blockchain, a distributed ledger system, has evolved as one of the most revolutionary and pervasive technologies of our time over the previous decade. Simply said, blockchain is a distributed network of different users sharing an encrypted digital database. When a transaction takes place on the blockchain, it is broadcast to all network participants, resulting in an unchangeable transaction record