What are the advantages and disadvantages of using cryptocurrencies for payments? 2023 – INDIA’s NO. 1 FINANCE

Using cryptocurrencies for payments offers several advantages and disadvantages. Let's explore them:
Advantages of Using Cryptocurrencies for Payments:
1. Decentralisation and Autonomy: Cryptocurrenci
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What is a decentralised autonomous organisation (DAO)? 2023 – INDIA’s NO. 1 FINANCE

A decentralised autonomous organisation (DAO) is an organisational structure that operates based on smart contracts and blockchain technology, aiming to automate decision-making, governance, and ...
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What is decentralised exchange (DEX) and how does it work? 2023 – INDIA’s NO. 1 FINANCE

A decentralised exchange (DEX) is a type of cryptocurrency exchange that operates on a decentralised platform, typically built on blockchain technology. Unlike traditional centralised exchanges, which
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What is yield farming in DeFi? 2023 – INDIA’s NO. 1 FINANCE

Yield farming, also known as liquidity mining, is a popular practice in decentralised finance (DeFi) where individuals lock up their cryptocurrencies in smart contracts to earn rewards.
It ...
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What is the role of smart contracts in decentralised finance (DeFi)? 2023 – INDIA’s NO. 1 FINANCE

Smart contracts play a crucial role in decentralised finance (DeFi) by enabling the automation and execution of financial transactions without the need for intermediaries like banks or traditional ...
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What is a hardware wallet and how does it work? 2023 – INDIA NO’s FINANCE

A hardware wallet is a physical device designed to securely store private keys and facilitate secure transactions for cryptocurrencies.
It provides an offline storage solution, keeping the private ..
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How do you keep your cryptocurrency safe from theft? 2023 – INDIA NO’s FINANCE

Keeping your cryptocurrency safe from theft requires implementing various security measures to protect your wallet, private keys, and overall digital presence. Here are some important steps to ...
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What is a wallet address in cryptocurrency? 2023 – INDIA NO’s FINANCE

A wallet address, also known as a public key or public address, is a unique alphanumeric string that serves as a destination for cryptocurrency transactions.
It is used to identify and receive ...
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What is a 51% attack in cryptocurrencies? 2023 – INDIA NO’s FINANCE

A 51% attack, also known as a majority attack or 51% majority attack, is a potential vulnerability in a blockchain network where a single entity or a group of miners control more than 50% of the ...
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What is the role of miners in cryptocurrency networks? 2023 – INDIA NO’s FINANCE

In cryptocurrency networks, miners play a crucial role in maintaining the network's security, verifying transactions, and adding new blocks to the blockchain.
The specific role of miners varies ...
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