Terms associated with cryptocurrency

Double-Spending There can be a possibility that the holder of the digital token can copy it and send it to a merchant while keeping the original to himself. Double Spending is the risk that a digital currency can be spent twice. However, Bitcoin has a mechanism based on transaction logs to verify the authenticity of [...]


The Hash

A Hash is a cryptographic function which converts an input stream of words and letters into an encrypted output of fixed length. Hashing involves processing the data from a block through a mathematical function, which results in an output (encrypted data) of a fixed length. Using a fixed length output increases security, since it wont [...]

Bitcoin News

Profits from Bitcoins to be taxed between 20% and 30% in India The windfalls that the Bitcoin investors have been making may soon be under the taxmen's radar as IT department is planning to tax it between 20% and 30% depending upon the holding period of such investments.   While this is being seen as [...]