– Bitcoin is in news again because of its Blockchain technology, which is now used by ICICI, Yes Banks and others for maintaining ledgers. – What is Bitcoin? Why it was issued? How does it work? How is it used in illegal activities? What is bitcoin mining and hashrate? – What are the applications of bitcoin’s blockchain technology for financial transactions? – What is the stand of RBI and Ratan Watal committtee on the blockchain technology? Next lecture: Since demonetization the focus has been on promoting the usage of bank money and digital payments; therefore, next time we’ll dwell further into theory and current affairs on these issues, including recommendations of Ratan Watal and Chandrababu Naidu Committees, and Economic Survey for promotion of digital payment, and the recommendation
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