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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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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